467 result(s) for tax cut
2016 Year Of Tax Simplifications, Cuts In Hungary
- 10 Dec 2015 8:00 AM
- business
Next year will be dedicated to tax simplification and cuts, with the personal income tax dropping from the current 16% to 15%, the economy ministry said. The cut will result in an extra 30,000 forints (EUR 96) left in people’s pockets in 2016. Family tax allowances for families with at least two children will be increased by 25%, leaving an additional 60,000 forints extra with such families.
Deutsch Submits Proposals On Internet Based On Consultations In Hungary
- 2 Dec 2015 10:00 AM
- tech
Cutting VAT on internet services to 18% and reducing the special tax on telecommunications services are measures included in a draft resolution. The planned measures are based on the results of a national consultation overseen by government commissioner Tamás Deutsch, launched in January 2015 and completed in the autumn. Fully 32,000 people responded to questions concerning internet services in ...
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Business Assoc Warns Against Keeping Shops Closed On Sundays
- 17 Oct 2015 6:00 AM
- shopping
The Hungarian Association of Shopping Centres (MBSZ) warned on Monday that a proposal to restrict retailers’ opening times on Sundays would have serious consequences. KDNP, a member of the governing alliance, said on Friday that an initiative to prohibit all but family-owned retailers from doing businesses on Sundays, was “in line with the expectations of most people, both on the part of ...
Taxes In Hungary Lowered Again
- 15 Jul 2015 9:00 AM
- business
The personal income tax rate is to fall from 16 percent to 15 percent in 2015 and thus the Government leaves HUF 120 more at families, at more than 4 million taxpayers, Deputy State Secretary for Taxation and Zoltán Pankucsi said at a press conference in Budapest.
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
Xpat Opinion: Hungarian Utility Tariffs Challenged By Brussels
- 18 Jun 2015 9:00 AM
- current affairs
Magyar Nemzet thinks the government will have a hard time if it wants to heed EU criticism over the utility tariff cuts of the past two years, and at the same time keep tariffs low, as it has promised the electorate.
Top Tips For Flat Hunting In Budapest
- 15 Jun 2015 9:00 AM
- property
If you’re new to Budapest - or if you are planning to come here to live - one of the first things you need to get sorted is a place to live. Luckily the rental market has boomed in recent years and it’s not difficult to find places available to rent on a 1 year or more basis, or on a per semester (for exchange students). In case you’ve just started searching, or are planning to move soon, here’s ...
2016 Year Of Tax Simplifications, Cuts In Hungary
- 10 Dec 2015 8:00 AM
- business
Next year will be dedicated to tax simplification and cuts, with the personal income tax dropping from the current 16% to 15%, the economy ministry said. The cut will result in an extra 30,000 forints (EUR 96) left in people’s pockets in 2016. Family tax allowances for families with at least two children will be increased by 25%, leaving an additional 60,000 forints extra with such families.
Deutsch Submits Proposals On Internet Based On Consultations In Hungary
- 2 Dec 2015 10:00 AM
- tech
Cutting VAT on internet services to 18% and reducing the special tax on telecommunications services are measures included in a draft resolution. The planned measures are based on the results of a national consultation overseen by government commissioner Tamás Deutsch, launched in January 2015 and completed in the autumn. Fully 32,000 people responded to questions concerning internet services in ...
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Business Assoc Warns Against Keeping Shops Closed On Sundays
- 17 Oct 2015 6:00 AM
- shopping
The Hungarian Association of Shopping Centres (MBSZ) warned on Monday that a proposal to restrict retailers’ opening times on Sundays would have serious consequences. KDNP, a member of the governing alliance, said on Friday that an initiative to prohibit all but family-owned retailers from doing businesses on Sundays, was “in line with the expectations of most people, both on the part of ...
Taxes In Hungary Lowered Again
- 15 Jul 2015 9:00 AM
- business
The personal income tax rate is to fall from 16 percent to 15 percent in 2015 and thus the Government leaves HUF 120 more at families, at more than 4 million taxpayers, Deputy State Secretary for Taxation and Zoltán Pankucsi said at a press conference in Budapest.
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
Xpat Opinion: Hungarian Utility Tariffs Challenged By Brussels
- 18 Jun 2015 9:00 AM
- current affairs
Magyar Nemzet thinks the government will have a hard time if it wants to heed EU criticism over the utility tariff cuts of the past two years, and at the same time keep tariffs low, as it has promised the electorate.
Top Tips For Flat Hunting In Budapest
- 15 Jun 2015 9:00 AM
- property
If you’re new to Budapest - or if you are planning to come here to live - one of the first things you need to get sorted is a place to live. Luckily the rental market has boomed in recent years and it’s not difficult to find places available to rent on a 1 year or more basis, or on a per semester (for exchange students). In case you’ve just started searching, or are planning to move soon, here’s ...