1,017 result(s) for tax bill
Study Uncovers Massive Tax Evasion In Food Retail In Hungary
- 20 Sep 2012 9:02 AM
- shopping
Tax dodging in the food retail industry costs the state Ft 130 billion in lost taxes every year, according to a study by Ernst & Young. The most common method of evading taxes is the practice of “fake exporting,” said Ernst & Young tax expert Tamás Vékási. In such schemes, the products leave Hungary only on paper, as VAT does not have to be paid in Hungary on products exported within the EU.
Orban, Varga Optimistic On IMF Loan For Hungary
- 17 Sep 2012 9:02 AM
- current affairs
Consultations are proceeding right on schedule with negotiators of the EU and the IMF and the cabinet expects to conclude negotiations quickly, Prime Minister Viktor Orban told foreign journalists last week. Although some controversial issues remain, negotiations are going well and a precautionary loan of about €15 billion is expected, he said. A transaction tax imposed on the National Bank could ...
IBM Has Increased Number Of Employees In Székesfehérvár, Hungary
- 14 Sep 2012 12:00 PM
- business
The Székesfehérvár division of IBM Data Storage Systems has increased the number of its employees by 180 after having been awarded 370 million HUF for expanding capacity from the 1.5 billion forints available through the New Széchenyi Plan.
Hervis Turns To EU Court On Sectoral Tax In Hungary
- 7 Sep 2012 9:00 AM
- business
Sports retailer Hervis has turned to the European Court of Justice claiming that the special tax levied on retailers is discriminatory against foreign-owned businesses while providing unfair advantage to domestic companies. Thus the European Court of Justice has received its first such case from Hungary regarding the special tax from the Székesfehérvár court where Hervis filed its case, the ...
Xpat Opinion: A Sinking Ship? Is It Time For Orbán’s Hungary To Turn Westward?
- 6 Sep 2012 9:00 AM
- current affairs
Just as I feared, we will have to return to Azerbaijan, not so much as a diplomatic issue but as a part of the financial plans that may have been behind the decision to release a convicted murderer to Baku. Because surely no one will believe the story the Hungarian Foreign Ministry came up with yesterday, that Hungary was conned by the Azeris. The current claim is that the Hungarians believed in ...
Chips Tax Revenue In Hungary Reaches Ft 15bn
- 5 Sep 2012 9:00 AM
- shopping
The tax on foods deemed unhealthy brought in Ft 15 billion as of July 31 following its launch in September last year, the tax and customs authority NAV announced. A total of Ft 1.7 billion was collected in July and Ft 1.8 billion in June. The 2012 revenue target is Ft 20 billion. The tax generated Ft 4.7 billion last year, falling short of the Ft 5 billion target.
Xpat Opinion: An Argument In Favour Of The PM’s Idea Of Placing Half Of The Banks In Hungarian Hands
- 4 Sep 2012 9:00 AM
- business
A pro-government analyst approves the Prime Minister’s idea that at least half of Hungary’s banking sector ought to be in Hungarian hands. Three days after defending Viktor Orbán’s plan to buy back Hungary’s main gas supply chain from its German owner (see BudaPost, August 29), Magyar Nemzet’s Csaba Erdősi elaborates on why he believes it would make sense to have a substantial proportion of the ...
Server-Based Gaming Starts In January 2013 In Hungary
- 2 Sep 2012 9:00 AM
- tech
Hungarian-owned WGS Szerver Szolgátó is the first company to be granted a license to operate servers for server-based gaming technology, which will be mandatory for casino operators from January 1. The license must be approved by the Economy Ministry, which has 60 days to approve the request.
Xpat Opinion: Health Care Wage Hikes In Hungary
- 22 Aug 2012 9:00 AM
- health & wellness
A right-wing columnist welcomes efforts by the Hungarian government to fulfil its promise to offer significant salary rises to doctors and nurses. She notes, however, that in the current health care system it is not possible to offer salaries which are competitive at a European level.
Study Uncovers Massive Tax Evasion In Food Retail In Hungary
- 20 Sep 2012 9:02 AM
- shopping
Tax dodging in the food retail industry costs the state Ft 130 billion in lost taxes every year, according to a study by Ernst & Young. The most common method of evading taxes is the practice of “fake exporting,” said Ernst & Young tax expert Tamás Vékási. In such schemes, the products leave Hungary only on paper, as VAT does not have to be paid in Hungary on products exported within the EU.
Orban, Varga Optimistic On IMF Loan For Hungary
- 17 Sep 2012 9:02 AM
- current affairs
Consultations are proceeding right on schedule with negotiators of the EU and the IMF and the cabinet expects to conclude negotiations quickly, Prime Minister Viktor Orban told foreign journalists last week. Although some controversial issues remain, negotiations are going well and a precautionary loan of about €15 billion is expected, he said. A transaction tax imposed on the National Bank could ...
IBM Has Increased Number Of Employees In Székesfehérvár, Hungary
- 14 Sep 2012 12:00 PM
- business
The Székesfehérvár division of IBM Data Storage Systems has increased the number of its employees by 180 after having been awarded 370 million HUF for expanding capacity from the 1.5 billion forints available through the New Széchenyi Plan.
Hervis Turns To EU Court On Sectoral Tax In Hungary
- 7 Sep 2012 9:00 AM
- business
Sports retailer Hervis has turned to the European Court of Justice claiming that the special tax levied on retailers is discriminatory against foreign-owned businesses while providing unfair advantage to domestic companies. Thus the European Court of Justice has received its first such case from Hungary regarding the special tax from the Székesfehérvár court where Hervis filed its case, the ...
Xpat Opinion: A Sinking Ship? Is It Time For Orbán’s Hungary To Turn Westward?
- 6 Sep 2012 9:00 AM
- current affairs
Just as I feared, we will have to return to Azerbaijan, not so much as a diplomatic issue but as a part of the financial plans that may have been behind the decision to release a convicted murderer to Baku. Because surely no one will believe the story the Hungarian Foreign Ministry came up with yesterday, that Hungary was conned by the Azeris. The current claim is that the Hungarians believed in ...
Chips Tax Revenue In Hungary Reaches Ft 15bn
- 5 Sep 2012 9:00 AM
- shopping
The tax on foods deemed unhealthy brought in Ft 15 billion as of July 31 following its launch in September last year, the tax and customs authority NAV announced. A total of Ft 1.7 billion was collected in July and Ft 1.8 billion in June. The 2012 revenue target is Ft 20 billion. The tax generated Ft 4.7 billion last year, falling short of the Ft 5 billion target.
Xpat Opinion: An Argument In Favour Of The PM’s Idea Of Placing Half Of The Banks In Hungarian Hands
- 4 Sep 2012 9:00 AM
- business
A pro-government analyst approves the Prime Minister’s idea that at least half of Hungary’s banking sector ought to be in Hungarian hands. Three days after defending Viktor Orbán’s plan to buy back Hungary’s main gas supply chain from its German owner (see BudaPost, August 29), Magyar Nemzet’s Csaba Erdősi elaborates on why he believes it would make sense to have a substantial proportion of the ...
Server-Based Gaming Starts In January 2013 In Hungary
- 2 Sep 2012 9:00 AM
- tech
Hungarian-owned WGS Szerver Szolgátó is the first company to be granted a license to operate servers for server-based gaming technology, which will be mandatory for casino operators from January 1. The license must be approved by the Economy Ministry, which has 60 days to approve the request.
Xpat Opinion: Health Care Wage Hikes In Hungary
- 22 Aug 2012 9:00 AM
- health & wellness
A right-wing columnist welcomes efforts by the Hungarian government to fulfil its promise to offer significant salary rises to doctors and nurses. She notes, however, that in the current health care system it is not possible to offer salaries which are competitive at a European level.