39 result(s) for retail tax in Business
Legal Changes Taking Effect On 1 January In Hungary
- 2 Jan 2017 8:00 AM
- business
Hungary faces several legal changes as of Jan. 1, 2017, including a drop in the bank levy, whose upper bracket will be reduced by 3 basis points to 0.21 percent. The reduction in the tax comes as part of an agreement with the European Bank for Reconstruction and Development (EBRD).
Opinion: Hungary To Cut Corporate Tax Rate To Lowest In EU
- 24 Nov 2016 2:35 AM
- business
A conservative economist welcomes PM Orbán’s announcement that Hungarian corporate tax is to be cut to the lowest in the EU. A liberal economist, on the other hand, fears that the tax cut will create disparities in the economy.
CIB H1 Profit Reaches HUF 12.9 Bln
- 9 Aug 2016 9:00 AM
- business
The Italian-owned CIB Group had after-tax profit of HUF 12.9 bln in the first half, a huge improvement over a HUF 20.9 bln loss in the corresponding period of 2015, the lender revealed Monday.
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
Half A Million Bank Accounts Wound Up Since Transaction Tax Introduced
- 24 Mar 2016 8:00 AM
- business
Over 520,000 retail bank accounts have been wound up since the introduction of the transaction tax in 2013, business daily Világgazdaság reported. Citing National Bank of Hungary data, the paper said that there were 9.32 million private individual bank accounts at the end of last year, the lowest number since the bank started tracking this kind of data in 2010.
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Xpat Opinion: Strategy For The Sharing Economy
- 8 Sep 2015 9:00 AM
- business
By Yusaf Akbar: Strategic thinking is at a crossroads. For decades, strategy theory and practice and the pursuit of competitive advantage has been centered on three complementary perspectives: external positioning, internal resources and capabilities and dynamic agility.
Rossmann Magyarország Revenue Reaches HUF 52 bln
- 3 Aug 2015 9:00 AM
- business
The Hungarian unit of German health and beauty products retailer Rossmann saw a rise of 10% in its revenue last year, reaching HUF 52 bln, Rossmann Magyarország told Hungarian news agency MTI. After-tax profit reportedly grew by 50%, reaching HUF 2.3 bln, and the company expects earnings growth to be in the double digits this year, too, MTI said.
Legal Changes Taking Effect On 1 January In Hungary
- 2 Jan 2017 8:00 AM
- business
Hungary faces several legal changes as of Jan. 1, 2017, including a drop in the bank levy, whose upper bracket will be reduced by 3 basis points to 0.21 percent. The reduction in the tax comes as part of an agreement with the European Bank for Reconstruction and Development (EBRD).
Opinion: Hungary To Cut Corporate Tax Rate To Lowest In EU
- 24 Nov 2016 2:35 AM
- business
A conservative economist welcomes PM Orbán’s announcement that Hungarian corporate tax is to be cut to the lowest in the EU. A liberal economist, on the other hand, fears that the tax cut will create disparities in the economy.
CIB H1 Profit Reaches HUF 12.9 Bln
- 9 Aug 2016 9:00 AM
- business
The Italian-owned CIB Group had after-tax profit of HUF 12.9 bln in the first half, a huge improvement over a HUF 20.9 bln loss in the corresponding period of 2015, the lender revealed Monday.
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
Half A Million Bank Accounts Wound Up Since Transaction Tax Introduced
- 24 Mar 2016 8:00 AM
- business
Over 520,000 retail bank accounts have been wound up since the introduction of the transaction tax in 2013, business daily Világgazdaság reported. Citing National Bank of Hungary data, the paper said that there were 9.32 million private individual bank accounts at the end of last year, the lowest number since the bank started tracking this kind of data in 2010.
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Xpat Opinion: Strategy For The Sharing Economy
- 8 Sep 2015 9:00 AM
- business
By Yusaf Akbar: Strategic thinking is at a crossroads. For decades, strategy theory and practice and the pursuit of competitive advantage has been centered on three complementary perspectives: external positioning, internal resources and capabilities and dynamic agility.
Rossmann Magyarország Revenue Reaches HUF 52 bln
- 3 Aug 2015 9:00 AM
- business
The Hungarian unit of German health and beauty products retailer Rossmann saw a rise of 10% in its revenue last year, reaching HUF 52 bln, Rossmann Magyarország told Hungarian news agency MTI. After-tax profit reportedly grew by 50%, reaching HUF 2.3 bln, and the company expects earnings growth to be in the double digits this year, too, MTI said.