123 result(s) for vat 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, ...
Deutsch To Announce Hungarian State WiFi
- 13 Nov 2015 10:00 AM
- tech
The government is planning to set up 1,500 WiFi access points in the country, providing free access to the internet at an estimated cost of Ft 1 billion, Népszabadság has learned. Tamás Deutsch, the prime ministerial commissioner for digital development, is expected to announce the plans at a conference today, and to provide details.
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.
Internet Taxes “Could Be Cut From Next Year” In Hungary
- 13 May 2015 9:00 AM
- tech
Taxes related to internet use in Hungary could be reduced from the start of 2016, the government’s commissioner for national consultation on the internet said. VAT on internet subscriptions, the special telco tax or the utilities tax on broadband networks could be reduced, Tamás Deutsch told the Media Hungary conference.
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 ...
Hungary’s PM Calls Socialists Hypocritical Over Vatcut Proposal
- 28 Apr 2015 9:00 AM
- current affairs
Prime Minister Viktor Orbán in parliament has dismissed a Socialist proposal to cut value-added tax on some products and called the opposition party “hypocritical”. The Socialists want to reduce “the very VAT which they raised high-sky”, Orbán insisted, responding to a proposal by Socialist MP Zoltán Gőgös to reduce VAT on products rather than cutting personal income tax in 2016.
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
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, ...
Deutsch To Announce Hungarian State WiFi
- 13 Nov 2015 10:00 AM
- tech
The government is planning to set up 1,500 WiFi access points in the country, providing free access to the internet at an estimated cost of Ft 1 billion, Népszabadság has learned. Tamás Deutsch, the prime ministerial commissioner for digital development, is expected to announce the plans at a conference today, and to provide details.
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.
Internet Taxes “Could Be Cut From Next Year” In Hungary
- 13 May 2015 9:00 AM
- tech
Taxes related to internet use in Hungary could be reduced from the start of 2016, the government’s commissioner for national consultation on the internet said. VAT on internet subscriptions, the special telco tax or the utilities tax on broadband networks could be reduced, Tamás Deutsch told the Media Hungary conference.
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 ...
Hungary’s PM Calls Socialists Hypocritical Over Vatcut Proposal
- 28 Apr 2015 9:00 AM
- current affairs
Prime Minister Viktor Orbán in parliament has dismissed a Socialist proposal to cut value-added tax on some products and called the opposition party “hypocritical”. The Socialists want to reduce “the very VAT which they raised high-sky”, Orbán insisted, responding to a proposal by Socialist MP Zoltán Gőgös to reduce VAT on products rather than cutting personal income tax in 2016.
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...