184 result(s) for tax reduction
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 ...
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.
VAT On Internet Subscriptions In Hungary May Be Cut To 18%
- 8 May 2015 4:00 AM
- tech
The VAT rate on internet subscriptions may be reduced from 27% to 18% from next January, daily Napi Gazdaság said. Further, one of the main pillars of the public utilities tax may be reduced from 2017. The reduction would be a quid pro quo for telecommunication companies helping to develop a superfast broadband network, to which the government may contribute 150 billion forints (EUR 492m), the ...
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
RTL Did Not Make A Deal With Hungarian Gov’t
- 17 Mar 2015 8:00 AM
- current affairs
RTL’s German owners never reached a final agreement with the cabinet regarding the advertising tax, regional vice-president Andreas Rudas, confirmed in a Monday interview with Népszabadság. It had been reported that RTL and its parent company Bertelsmann had agreed to withdraw their complaint filed with the EU against Hungary’s tiered tax on advertising revenues, in exchange for a modification or ...
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.
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
Bank Levy Reduction Could Benefit Hungary Rating
- 12 Feb 2015 8:00 AM
- business
The government’s plan to reduce the bank levy could have a positive impact on Hungary’s sovereign rating, Reuters quoted an analyst for Fitch Ratings as saying. “One key policy would be to reduce this tax on the banking sector and that I think would be positive for our assessment,” Arnaud Louis said.
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 ...
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.
VAT On Internet Subscriptions In Hungary May Be Cut To 18%
- 8 May 2015 4:00 AM
- tech
The VAT rate on internet subscriptions may be reduced from 27% to 18% from next January, daily Napi Gazdaság said. Further, one of the main pillars of the public utilities tax may be reduced from 2017. The reduction would be a quid pro quo for telecommunication companies helping to develop a superfast broadband network, to which the government may contribute 150 billion forints (EUR 492m), the ...
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
RTL Did Not Make A Deal With Hungarian Gov’t
- 17 Mar 2015 8:00 AM
- current affairs
RTL’s German owners never reached a final agreement with the cabinet regarding the advertising tax, regional vice-president Andreas Rudas, confirmed in a Monday interview with Népszabadság. It had been reported that RTL and its parent company Bertelsmann had agreed to withdraw their complaint filed with the EU against Hungary’s tiered tax on advertising revenues, in exchange for a modification or ...
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.
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
Bank Levy Reduction Could Benefit Hungary Rating
- 12 Feb 2015 8:00 AM
- business
The government’s plan to reduce the bank levy could have a positive impact on Hungary’s sovereign rating, Reuters quoted an analyst for Fitch Ratings as saying. “One key policy would be to reduce this tax on the banking sector and that I think would be positive for our assessment,” Arnaud Louis said.