• 22 Nov 2024

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8 result(s) for windfall profit tax in Finance

Record Net Profit in Q1 Reported by Banks in Hungary

Record Net Profit in Q1 Reported by Banks in Hungary

The unconsolidated net profit of Hungarian banks was up 26% year-on-year to a record Ft 499 billion in the first quarter, largely driven by foreign dividend income and the halving of the extra profit tax, according to data from the MNB.
SPAR’s “Attacks” Against Gov't Driven by “Loss-Making Position” of its Local Business

SPAR’s “Attacks” Against Gov't Driven by “Loss-Making Position” of its Local Business

The national economy ministry called communication by the Austrian owner of SPAR supermarkets in Hungary on government measures to bring down inflation “malicious” and “false”.
Fitch Projects Hungary’s Inflation Will Fall to 8-10% by End-2023

Fitch Projects Hungary’s Inflation Will Fall to 8-10% by End-2023

Fitch Ratings has affirmed Hungary’s ‘BBB’ sovereign rating with a negative outlook. “Hungary’s ratings are supported by strong structural indicators relative to ‘BBB’ peers, a record of economic growth fuelled by investments and solid net FDI inflows,” Fitch said in a scheduled review.
Windfall Profit Taxes Remain in Hungary - Big Retailers To Pay More

Windfall Profit Taxes Remain in Hungary - Big Retailers To Pay More

The windfall profit taxes introduced for two years in 2022 will remain in effect in 2024, according to a decree published.
Earnings Fall 12% in Hungarian Banking Sector, Down to 'Only' HUF 562 Billion

Earnings Fall 12% in Hungarian Banking Sector, Down to 'Only' HUF 562 Billion

Combined after-tax profit of Hungarian banks fell by an annual 12.4% to 562 billion forints in Q1-Q3 as write-downs and provisions weighed, the National Bank of Hungary (NBH) said.
Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
Watchdog Puts Bank Fees Under Heightened Scrutiny in Hungary

Watchdog Puts Bank Fees Under Heightened Scrutiny in Hungary

The National Bank of Hungary (NBH) said it will make scrutinising changes to lenders’ fees a “priority” as banks pay a windfall tax and the transactions duty is extended.
Hungarian Opinion: PM Imposes Windfall Tax on ‘Extra Profits’

Hungarian Opinion: PM Imposes Windfall Tax on ‘Extra Profits’

A left-wing columnist believes the new exceptional powers under which the new taxes will be levied are motivated by an insatiable appetite for power, while his pro-government counterpart sees them as an attempt to serve social justice.
Record Net Profit in Q1 Reported by Banks in Hungary

Record Net Profit in Q1 Reported by Banks in Hungary

The unconsolidated net profit of Hungarian banks was up 26% year-on-year to a record Ft 499 billion in the first quarter, largely driven by foreign dividend income and the halving of the extra profit tax, according to data from the MNB.
SPAR’s “Attacks” Against Gov't Driven by “Loss-Making Position” of its Local Business

SPAR’s “Attacks” Against Gov't Driven by “Loss-Making Position” of its Local Business

The national economy ministry called communication by the Austrian owner of SPAR supermarkets in Hungary on government measures to bring down inflation “malicious” and “false”.
Fitch Projects Hungary’s Inflation Will Fall to 8-10% by End-2023

Fitch Projects Hungary’s Inflation Will Fall to 8-10% by End-2023

Fitch Ratings has affirmed Hungary’s ‘BBB’ sovereign rating with a negative outlook. “Hungary’s ratings are supported by strong structural indicators relative to ‘BBB’ peers, a record of economic growth fuelled by investments and solid net FDI inflows,” Fitch said in a scheduled review.
Windfall Profit Taxes Remain in Hungary - Big Retailers To Pay More

Windfall Profit Taxes Remain in Hungary - Big Retailers To Pay More

The windfall profit taxes introduced for two years in 2022 will remain in effect in 2024, according to a decree published.
Earnings Fall 12% in Hungarian Banking Sector, Down to 'Only' HUF 562 Billion

Earnings Fall 12% in Hungarian Banking Sector, Down to 'Only' HUF 562 Billion

Combined after-tax profit of Hungarian banks fell by an annual 12.4% to 562 billion forints in Q1-Q3 as write-downs and provisions weighed, the National Bank of Hungary (NBH) said.
Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
Watchdog Puts Bank Fees Under Heightened Scrutiny in Hungary

Watchdog Puts Bank Fees Under Heightened Scrutiny in Hungary

The National Bank of Hungary (NBH) said it will make scrutinising changes to lenders’ fees a “priority” as banks pay a windfall tax and the transactions duty is extended.
Hungarian Opinion: PM Imposes Windfall Tax on ‘Extra Profits’

Hungarian Opinion: PM Imposes Windfall Tax on ‘Extra Profits’

A left-wing columnist believes the new exceptional powers under which the new taxes will be levied are motivated by an insatiable appetite for power, while his pro-government counterpart sees them as an attempt to serve social justice.