467 result(s) for tax cut
Opposition Criticises Orbán’s Opening Of Spring Session Of Parlt
- 16 Feb 2016 8:00 AM
- current affairs
The leaders of opposition parties criticised Prime Minister Viktor Orbán’s Monday address in parliament, in which he ordered further border protection from migration and said a middle-class standard of living can be established in the country this year.
Report: VAT Decrease On Pork Causes Panic In Poultry Sector
- 3 Feb 2016 8:00 AM
- shopping
Hungary’s poultry producers are in a panic as the cut to the VAT rate on pork from 27% to 5% as of January 1 has led to a significant drop in demand for poultry meat, and other food sectors are lobbying for similar VAT decreases, Hungarian economic daily Világgazdaság reported today.
Hungary Tax Authority To Cut More Than 1,000 Staff
- 24 Jan 2016 10:00 AM
- business
Hungary’s National Tax and Customs Authority (NAV) will reduce headcount by 5%, cutting staff from 22,442 to 21,320, NAV chief András Tállai said. Tállai was appointed head of NAV early in January, after lawmakers voted to transform the authority from an independent body into a central office operating directly under the economy minister. At the time of his appointment, he said that NAV would be ...
Orbán: Hungary On Right Track
- 8 Jan 2016 3:00 AM
- current affairs
Assessing the situation in Hungary in a radio interview, PM Viktor Orbán said that based on the past five years it was clear that the country is progressing in a way that everyone can feel that “steps are being taken in a forward direction from year to year”. This year will follow suit, he said, citing government measures such as a tax cut, a hike in the minimum wage and the homebuilding scheme ...
Xpat Opinion: 2015 – Hungary’s PM Viktor Orbán’s Year
- 5 Jan 2016 8:00 AM
- current affairs
In their assessment of last year’s developments, commentators focus on Prime Minister Orbán’s performance – for better or for worse. They recall that the Prime Minister was identified by more than one international outlet as the ‘man of the year’.
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 ...
Video Article: Busted: Gyros Was Made In Cement Mixer In Hungary
- 18 Dec 2015 8:00 AM
- food & drink
NEBIH (National Food Chain Safety Office) Special Affairs Directorate checked a meat wholesale business in Pest county at the request of NAV (National Tax and Tariffs Office) Pest county Tax Directorate. During the procedure more than 22 tons of meat-product was seized by the professionals, and they also discovered a gyros producing facility operating without a license, origo.hu wrote.
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Opposition Criticises Orbán’s Opening Of Spring Session Of Parlt
- 16 Feb 2016 8:00 AM
- current affairs
The leaders of opposition parties criticised Prime Minister Viktor Orbán’s Monday address in parliament, in which he ordered further border protection from migration and said a middle-class standard of living can be established in the country this year.
Report: VAT Decrease On Pork Causes Panic In Poultry Sector
- 3 Feb 2016 8:00 AM
- shopping
Hungary’s poultry producers are in a panic as the cut to the VAT rate on pork from 27% to 5% as of January 1 has led to a significant drop in demand for poultry meat, and other food sectors are lobbying for similar VAT decreases, Hungarian economic daily Világgazdaság reported today.
Hungary Tax Authority To Cut More Than 1,000 Staff
- 24 Jan 2016 10:00 AM
- business
Hungary’s National Tax and Customs Authority (NAV) will reduce headcount by 5%, cutting staff from 22,442 to 21,320, NAV chief András Tállai said. Tállai was appointed head of NAV early in January, after lawmakers voted to transform the authority from an independent body into a central office operating directly under the economy minister. At the time of his appointment, he said that NAV would be ...
Orbán: Hungary On Right Track
- 8 Jan 2016 3:00 AM
- current affairs
Assessing the situation in Hungary in a radio interview, PM Viktor Orbán said that based on the past five years it was clear that the country is progressing in a way that everyone can feel that “steps are being taken in a forward direction from year to year”. This year will follow suit, he said, citing government measures such as a tax cut, a hike in the minimum wage and the homebuilding scheme ...
Xpat Opinion: 2015 – Hungary’s PM Viktor Orbán’s Year
- 5 Jan 2016 8:00 AM
- current affairs
In their assessment of last year’s developments, commentators focus on Prime Minister Orbán’s performance – for better or for worse. They recall that the Prime Minister was identified by more than one international outlet as the ‘man of the year’.
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 ...
Video Article: Busted: Gyros Was Made In Cement Mixer In Hungary
- 18 Dec 2015 8:00 AM
- food & drink
NEBIH (National Food Chain Safety Office) Special Affairs Directorate checked a meat wholesale business in Pest county at the request of NAV (National Tax and Tariffs Office) Pest county Tax Directorate. During the procedure more than 22 tons of meat-product was seized by the professionals, and they also discovered a gyros producing facility operating without a license, origo.hu wrote.
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.