74 result(s) for tax exemption
Contract Distillation Of Pálinka In Hungary Drops By 80%
- 15 Oct 2015 5:00 AM
- food & drink
Distilleries in Hungary have produced 2 million litres of fruit brandy pálinka this year, less than 20% of the amount distilled in 2014; the drastic drop largely resulted from the elimination of tax exemption for home distillation of spirits from January 2015, daily Magyar Idők said. Legislation in force since the autumn of 2010 allowed Hungarian households to distil for personal consumption an ...
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
Lower Utilities Tax For Network Investments In Hungary Possible
- 13 May 2015 9:00 AM
- tech
A reduction in the utilities tax should be considered if internet service providers build new networks or upgrade their existing ones, state secretary for info-communications, Ákos Kara, said. Hungary is back on the path of economic growth, thus the government will weigh the possibility of reducing some tax burdens next year, Kara said.
Industry Associations In Hungary Call For Further Consultations On Ad Tax
- 7 May 2015 9:00 AM
- business
Industry associations continue to call for consultations on the tax on advertisements, asking the government to consider abolishing the tax due to its detrimental effect on the economy, the Hungarian Advertising Association said. In consent with another nine organisations, the association said the planned amendment to the ad tax would curb growth opportunities for micro- and small businesses and ...
Hungary's President Asked Not To Sign Broker Age Asset -Seizure Law
- 2 Apr 2015 9:00 AM
- current affairs
The opposition Socialists have asked President János Áder to withhold his signature from the law on seizing the assets of brokerages to compensate the victims of brokerage scandals because the law exempts Quaestor’s banking division. Deputy chairman of parliament’s legislative committee, Gergely Bárándy, told a joint press conference held with deputy Socialist group leader Bertalan Tóth that ...
EC Unhappy With Low Tax On Pálinka In Hungary
- 2 Mar 2015 8:00 AM
- business
The European Commission has again launched an infringement procedure regarding Hungary’s excise tax regulation on home-made pálinka. Hungary has not properly complied with the Commission’s ruling of last spring, tax and customs spokeswoman Vanessa Mock told state news agency MTI.
EC Launches Infringement Procedure Against Hungary For Pálinka Tax Rules
- 27 Feb 2015 10:00 AM
- current affairs
The European Commission has launched another infringement procedure against Hungary for a violation of European Union excise tax rules on pálinka, the country’s eau de vie.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Mutual Willingness Is Needed To Resolve Open Issues In Hungarian-U.S. Relations
- 15 Jan 2015 8:00 AM
- current affairs
Minister of Foreign Affairs and Trade Péter Szijjártó in an interview with Hír TV said that open issues in Hungarian-U.S. political relations can only be resolved by mutual willingness.
Contract Distillation Of Pálinka In Hungary Drops By 80%
- 15 Oct 2015 5:00 AM
- food & drink
Distilleries in Hungary have produced 2 million litres of fruit brandy pálinka this year, less than 20% of the amount distilled in 2014; the drastic drop largely resulted from the elimination of tax exemption for home distillation of spirits from January 2015, daily Magyar Idők said. Legislation in force since the autumn of 2010 allowed Hungarian households to distil for personal consumption an ...
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
Lower Utilities Tax For Network Investments In Hungary Possible
- 13 May 2015 9:00 AM
- tech
A reduction in the utilities tax should be considered if internet service providers build new networks or upgrade their existing ones, state secretary for info-communications, Ákos Kara, said. Hungary is back on the path of economic growth, thus the government will weigh the possibility of reducing some tax burdens next year, Kara said.
Industry Associations In Hungary Call For Further Consultations On Ad Tax
- 7 May 2015 9:00 AM
- business
Industry associations continue to call for consultations on the tax on advertisements, asking the government to consider abolishing the tax due to its detrimental effect on the economy, the Hungarian Advertising Association said. In consent with another nine organisations, the association said the planned amendment to the ad tax would curb growth opportunities for micro- and small businesses and ...
Hungary's President Asked Not To Sign Broker Age Asset -Seizure Law
- 2 Apr 2015 9:00 AM
- current affairs
The opposition Socialists have asked President János Áder to withhold his signature from the law on seizing the assets of brokerages to compensate the victims of brokerage scandals because the law exempts Quaestor’s banking division. Deputy chairman of parliament’s legislative committee, Gergely Bárándy, told a joint press conference held with deputy Socialist group leader Bertalan Tóth that ...
EC Unhappy With Low Tax On Pálinka In Hungary
- 2 Mar 2015 8:00 AM
- business
The European Commission has again launched an infringement procedure regarding Hungary’s excise tax regulation on home-made pálinka. Hungary has not properly complied with the Commission’s ruling of last spring, tax and customs spokeswoman Vanessa Mock told state news agency MTI.
EC Launches Infringement Procedure Against Hungary For Pálinka Tax Rules
- 27 Feb 2015 10:00 AM
- current affairs
The European Commission has launched another infringement procedure against Hungary for a violation of European Union excise tax rules on pálinka, the country’s eau de vie.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Mutual Willingness Is Needed To Resolve Open Issues In Hungarian-U.S. Relations
- 15 Jan 2015 8:00 AM
- current affairs
Minister of Foreign Affairs and Trade Péter Szijjártó in an interview with Hír TV said that open issues in Hungarian-U.S. political relations can only be resolved by mutual willingness.