• 22 Nov 2024

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128 result(s) for vat cut

PM Orbán: 'Every Life Counts', Tax Cuts In Pipeline

PM Orbán: 'Every Life Counts', Tax Cuts In Pipeline

"Every life counts", Prime Minister Viktor Orbán said in a radio interview, while also flagging tax cuts next year.
Hungarian Construction Sector Output Down 21 Percent In July

Hungarian Construction Sector Output Down 21 Percent In July

Construction sector output in Hungary dropped by 21% in July after a contraction of 15.7% in the previous month, the Central Statistical Office (KSH) said. Month on month, output grew by 3.5%, based on seasonally and working day-adjusted data.
Hungary Winning VAT Evasion Fight

Hungary Winning VAT Evasion Fight

VAT evasion in Hungary was cut from 21% in 2013 to 6.6% in 2019, the European Commission announced on Thursday.
Opposition LMP Calls For VAT Cut For Basic Produce

Opposition LMP Calls For VAT Cut For Basic Produce

The opposition LMP called on the government to cut VAT on basic food produce to 5%. Antal Csárdi, the deputy leader of the party’s parliamentary group, told a press conference the tax system was “immensely unfair”, and insisted the state earned more on the sale of food produce than retailers did.
Hungarian Festival Organisers Say VAT Cut Key To Weathering Crisis

Hungarian Festival Organisers Say VAT Cut Key To Weathering Crisis

The restrictions on gatherings and the cancellation of festivals is expected to cost the economy Ft 80 billion, Hungarian Festival Association (MFSZ) chairman István Márta told business daily Világgazdaság.
Coronavirus: PM Orbán Announced Five-Point Economic Protection Plan

Coronavirus: PM Orbán Announced Five-Point Economic Protection Plan

After the European debt crisis and the migrant crisis, Hungary is now facing a virus crisis. The new economy protection action plan does not increase the country's exposure; it aims to solve Hungary's problem on its own.
VAT Cut Suggested On Home Food Deliveries In Hungary

VAT Cut Suggested On Home Food Deliveries In Hungary

Food delivery company Wolt is asking Finance Minister Mihály Varga to cut the 27% VAT on take-away food provided by restaurants to 5%, which is the rate for eating-in, the home delivery food service company said on Thursday.
Tax Burden To Decrease Further In Hungary

Tax Burden To Decrease Further In Hungary

The government has managed to simultaneously reduce the tax burden while increasing revenues this year, and this additional money is being ploughed into new measures under the family protection action plan as well providing coverage for new tax cuts, a finance ministry official has said in an interview.
EC Raises Hungary GDP Growth Projections

EC Raises Hungary GDP Growth Projections

The European Commission raised its projections for Hungary’s GDP this year and next to 4.3% and 3.4%, respectively, in a biannual forecast.
PM Orbán: 'Every Life Counts', Tax Cuts In Pipeline

PM Orbán: 'Every Life Counts', Tax Cuts In Pipeline

"Every life counts", Prime Minister Viktor Orbán said in a radio interview, while also flagging tax cuts next year.
Hungarian Construction Sector Output Down 21 Percent In July

Hungarian Construction Sector Output Down 21 Percent In July

Construction sector output in Hungary dropped by 21% in July after a contraction of 15.7% in the previous month, the Central Statistical Office (KSH) said. Month on month, output grew by 3.5%, based on seasonally and working day-adjusted data.
Hungary Winning VAT Evasion Fight

Hungary Winning VAT Evasion Fight

VAT evasion in Hungary was cut from 21% in 2013 to 6.6% in 2019, the European Commission announced on Thursday.
Opposition LMP Calls For VAT Cut For Basic Produce

Opposition LMP Calls For VAT Cut For Basic Produce

The opposition LMP called on the government to cut VAT on basic food produce to 5%. Antal Csárdi, the deputy leader of the party’s parliamentary group, told a press conference the tax system was “immensely unfair”, and insisted the state earned more on the sale of food produce than retailers did.
Hungarian Festival Organisers Say VAT Cut Key To Weathering Crisis

Hungarian Festival Organisers Say VAT Cut Key To Weathering Crisis

The restrictions on gatherings and the cancellation of festivals is expected to cost the economy Ft 80 billion, Hungarian Festival Association (MFSZ) chairman István Márta told business daily Világgazdaság.
Coronavirus: PM Orbán Announced Five-Point Economic Protection Plan

Coronavirus: PM Orbán Announced Five-Point Economic Protection Plan

After the European debt crisis and the migrant crisis, Hungary is now facing a virus crisis. The new economy protection action plan does not increase the country's exposure; it aims to solve Hungary's problem on its own.
VAT Cut Suggested On Home Food Deliveries In Hungary

VAT Cut Suggested On Home Food Deliveries In Hungary

Food delivery company Wolt is asking Finance Minister Mihály Varga to cut the 27% VAT on take-away food provided by restaurants to 5%, which is the rate for eating-in, the home delivery food service company said on Thursday.
Tax Burden To Decrease Further In Hungary

Tax Burden To Decrease Further In Hungary

The government has managed to simultaneously reduce the tax burden while increasing revenues this year, and this additional money is being ploughed into new measures under the family protection action plan as well providing coverage for new tax cuts, a finance ministry official has said in an interview.
EC Raises Hungary GDP Growth Projections

EC Raises Hungary GDP Growth Projections

The European Commission raised its projections for Hungary’s GDP this year and next to 4.3% and 3.4%, respectively, in a biannual forecast.