The Democratic Coalition (DK) will launch a petition drive in protest against plans by the government to scrap the preferential Itemised Tax for Small Businesses (KATA) #Hungary #Hungarian #dailynewshungary #tax #money #economy #DK #Fidesz #government
The Democratic Coalition (DK) will launch a petition drive in protest against plans by the government to scrap the preferential Itemised Tax for Small Businesses (KATA), the opposition party’s parliamentary group spokeswoman said on Sunday.
The finance minister and the president of the Hungarian Chamber of Commerce and Industry both admitted recently that the government was considering to scrap the KATA tax, Olga Kálmán told an online press conference.
KATA taxpayers who earn up to 12 million forints (EUR 30,530) a year pay a flat monthly 50,000 forints instead of corporate or payroll tax.
“Scrapping this favourable form of tax would bring a significant tax increase and austerity destroying several thousands of small businesses,” Kálmán said, adding that the tax increase “would obviously be one of the components of Fidesz’s austerity package which the Orban government started to announce this week”.
She said DK firmly rejected ruling Fidesz’s austerities including tax increases and will not allow small Hungarian businesses
“to pay the price of its mistaken economic policies”.
Read also Here are the details about the newly introduced windfall taxes!
Source: MTI
5 Comments
Another headline failure: “One of the most favourable Hungarian taxes form to be scrapped?”. That it implies it is one form that needs to be filled out may be scrapped. ‘One of the most favourable form of Hungarian taxes to be scrapped?’ is the correct way to say what is meant.
As a gesture of great kindness (or total exasperation on my part) I am posting a link so that the author of this headline might learn how many different forms the word ‘form’ takes and might get it right in future.. https://www.collinsdictionary.com/dictionary/english/form
I note that you have amended the headline to say “tax forms”. For heaven’s sake, that it is STILL WRONG. KATA is a form of tax. Clearly my link was not read.
Hello Lexicon, thanks for the link
Hello Eleonora, thank you for finally getting the headline right.