153 result(s) for vat rate
Gov’t To Lower VAT On Dairy And Catering
- 14 Apr 2016 9:00 AM
- shopping
The government proposes to reduce VAT on a wide range of products and services in the 2017 budget, Economy Minister Mihály Varga announced on Wednesday. The VAT on milk, eggs and poultry would fall from today’s 27% to 5%.
Internet VAT Rate Cut Would Reduce Budget Revenue HUF 12-13BN
- 12 Apr 2016 9:00 AM
- tech
A reduction in the VAT rate on internet service from 27% to 18% will reduce budget revenue by an annual 12-13 billion forints (EUR 38-42m), business daily Világgazdaság said, quoting calculations by the economy ministry. The government recently announced plans to cut the VAT rate on internet service to 18% following a national consultation.
CIB Group Expects Further Recovery On Hungarian Property Market
- 30 Mar 2016 9:00 AM
- property
Due to a favorable investment environment combined with certain governmental stimulants, further recovery is expected on the Hungarian property market, CIB Group said today in a press statement.
Hungary May Turn To EU For Lower VAT On Internet
- 5 Mar 2016 8:00 AM
- tech
Hungary may turn to Brussels asking reduction of the value added tax on internet services, the government commissioner in charge of internet programmes said on Friday. Tamás Deutsch said in the online edition of daily Magyar Idők that Hungary’s government decided to cut the VAT on internet services from 27 percent to 18 percent as of January, 2017.
Report: VAT Decrease On Pork Causes Panic In Poultry Sector
- 3 Feb 2016 8:00 AM
- shopping
Hungary’s poultry producers are in a panic as the cut to the VAT rate on pork from 27% to 5% as of January 1 has led to a significant drop in demand for poultry meat, and other food sectors are lobbying for similar VAT decreases, Hungarian economic daily Világgazdaság reported today.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
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.
Gov’t To Lower VAT On Dairy And Catering
- 14 Apr 2016 9:00 AM
- shopping
The government proposes to reduce VAT on a wide range of products and services in the 2017 budget, Economy Minister Mihály Varga announced on Wednesday. The VAT on milk, eggs and poultry would fall from today’s 27% to 5%.
Internet VAT Rate Cut Would Reduce Budget Revenue HUF 12-13BN
- 12 Apr 2016 9:00 AM
- tech
A reduction in the VAT rate on internet service from 27% to 18% will reduce budget revenue by an annual 12-13 billion forints (EUR 38-42m), business daily Világgazdaság said, quoting calculations by the economy ministry. The government recently announced plans to cut the VAT rate on internet service to 18% following a national consultation.
CIB Group Expects Further Recovery On Hungarian Property Market
- 30 Mar 2016 9:00 AM
- property
Due to a favorable investment environment combined with certain governmental stimulants, further recovery is expected on the Hungarian property market, CIB Group said today in a press statement.
Hungary May Turn To EU For Lower VAT On Internet
- 5 Mar 2016 8:00 AM
- tech
Hungary may turn to Brussels asking reduction of the value added tax on internet services, the government commissioner in charge of internet programmes said on Friday. Tamás Deutsch said in the online edition of daily Magyar Idők that Hungary’s government decided to cut the VAT on internet services from 27 percent to 18 percent as of January, 2017.
Report: VAT Decrease On Pork Causes Panic In Poultry Sector
- 3 Feb 2016 8:00 AM
- shopping
Hungary’s poultry producers are in a panic as the cut to the VAT rate on pork from 27% to 5% as of January 1 has led to a significant drop in demand for poultry meat, and other food sectors are lobbying for similar VAT decreases, Hungarian economic daily Világgazdaság reported today.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
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.