• 07 Mar 2021

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15 result(s) for tax cuts in Finance

Hungarian Finance Ministry Sees 3% GDP Contraction In 2020

Hungarian Finance Ministry Sees 3% GDP Contraction In 2020

Hungary’s finance ministry submitted an updated convergence programme to the European Commission that envisages a 3% GDP contraction in 2020 in light of the coronavirus crisis.
Coronavirus: Hungary To Plough 20% Of GDP Into Protection Efforts

Coronavirus: Hungary To Plough 20% Of GDP Into Protection Efforts

Hungary is ploughing 20% of its GDP into protection efforts against the novel coronavirus, Finance Minister Mihály Varga (pictured on top left) said after a meeting of the financial action group coordinating the financial response to the epidemic.
Tax Burden To Decrease Further In Hungary

Tax Burden To Decrease Further In Hungary

The government has managed to simultaneously reduce the tax burden while increasing revenues this year, and this additional money is being ploughed into new measures under the family protection action plan as well providing coverage for new tax cuts, a finance ministry official has said in an interview.
Hungarian Opinion: Hungary’s GDP Growth Tops Europe Again

Hungarian Opinion: Hungary’s GDP Growth Tops Europe Again

An independent economic analyst writes that the Hungarian economy is increasingly resilient to external shocks, including the slow down in Germany. As a result of growing Hungarian competitiveness and sound internal demand, Hungarian economy can maintain fast growth, he suggests.
Hungary Gross Wages Climb 10.7% In July

Hungary Gross Wages Climb 10.7% In July

The average gross monthly wage for full-time workers in Hungary rose by an annual 10.7% to 362,595 forints (EUR 1,079) in July, the Central Statistical Office (KSH) said. Net wages grew at the same pace, reaching 241,126 forints.
Finance Minister Presents Latest Tax Cuts, Growth Incentives At Amcham Forum

Finance Minister Presents Latest Tax Cuts, Growth Incentives At Amcham Forum

The government wants to continue its investor-friendly economic policy, Finance Minister Mihály Varga said at a business forum organised by the American-Chamber of Commerce in Hungary (AmCham) presenting planned tax cuts and growth incentives which are part of a government plan announced by the minister on May 30.
Hungary’s Gross Wages Up 10.2% In December

Hungary’s Gross Wages Up 10.2% In December

Gross wage grew in Hungary by an annual 10.2% in December, the Central Statistical Office (KSH) said.
Hungary Leads Europe In Decline Of Tax-To-GDP Ratio

Hungary Leads Europe In Decline Of Tax-To-GDP Ratio

Hungary’s tax-to-GDP ratio – the sum of taxes and net social contributions as a percentage of GDP – fell by 0.9 percentage point last year, the biggest decline in the European Union, state secretary of the finance ministry Norbert Izer told MTI, citing fresh data released by Eurostat.
VAT Cut In Hungary Bad For Revenues

VAT Cut In Hungary Bad For Revenues

Reducing Hungary’s main VAT rate by two percentage points to 25% would result in “many hundreds of billions of forints” of lost budget revenue, András Tállai, the deputy finance minister, said in an interview published in Friday’s issue of the daily Magyar Idők.
Hungarian Finance Ministry Sees 3% GDP Contraction In 2020

Hungarian Finance Ministry Sees 3% GDP Contraction In 2020

Hungary’s finance ministry submitted an updated convergence programme to the European Commission that envisages a 3% GDP contraction in 2020 in light of the coronavirus crisis.
Coronavirus: Hungary To Plough 20% Of GDP Into Protection Efforts

Coronavirus: Hungary To Plough 20% Of GDP Into Protection Efforts

Hungary is ploughing 20% of its GDP into protection efforts against the novel coronavirus, Finance Minister Mihály Varga (pictured on top left) said after a meeting of the financial action group coordinating the financial response to the epidemic.
Tax Burden To Decrease Further In Hungary

Tax Burden To Decrease Further In Hungary

The government has managed to simultaneously reduce the tax burden while increasing revenues this year, and this additional money is being ploughed into new measures under the family protection action plan as well providing coverage for new tax cuts, a finance ministry official has said in an interview.
Hungarian Opinion: Hungary’s GDP Growth Tops Europe Again

Hungarian Opinion: Hungary’s GDP Growth Tops Europe Again

An independent economic analyst writes that the Hungarian economy is increasingly resilient to external shocks, including the slow down in Germany. As a result of growing Hungarian competitiveness and sound internal demand, Hungarian economy can maintain fast growth, he suggests.
Hungary Gross Wages Climb 10.7% In July

Hungary Gross Wages Climb 10.7% In July

The average gross monthly wage for full-time workers in Hungary rose by an annual 10.7% to 362,595 forints (EUR 1,079) in July, the Central Statistical Office (KSH) said. Net wages grew at the same pace, reaching 241,126 forints.
Finance Minister Presents Latest Tax Cuts, Growth Incentives At Amcham Forum

Finance Minister Presents Latest Tax Cuts, Growth Incentives At Amcham Forum

The government wants to continue its investor-friendly economic policy, Finance Minister Mihály Varga said at a business forum organised by the American-Chamber of Commerce in Hungary (AmCham) presenting planned tax cuts and growth incentives which are part of a government plan announced by the minister on May 30.
Hungary’s Gross Wages Up 10.2% In December

Hungary’s Gross Wages Up 10.2% In December

Gross wage grew in Hungary by an annual 10.2% in December, the Central Statistical Office (KSH) said.
Hungary Leads Europe In Decline Of Tax-To-GDP Ratio

Hungary Leads Europe In Decline Of Tax-To-GDP Ratio

Hungary’s tax-to-GDP ratio – the sum of taxes and net social contributions as a percentage of GDP – fell by 0.9 percentage point last year, the biggest decline in the European Union, state secretary of the finance ministry Norbert Izer told MTI, citing fresh data released by Eurostat.
VAT Cut In Hungary Bad For Revenues

VAT Cut In Hungary Bad For Revenues

Reducing Hungary’s main VAT rate by two percentage points to 25% would result in “many hundreds of billions of forints” of lost budget revenue, András Tállai, the deputy finance minister, said in an interview published in Friday’s issue of the daily Magyar Idők.