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Parliament Approves Ad Tax

Parliament Approves Ad Tax

Budapest, June 11 (MTI) – Media companies, publishers, outdoor ad firms and the publishers of online ads will be subject to a tax on ad revenues, parliament decided today.

The ad tax bill was approved in fast-track procedure with 144 votes in favour and 30 against.

The graduated tax will not apply to annual revenue below 500 million forints (EUR 1.7m) but will be as high as 40 percent above 20 billion forints.

Photo: MTI – Zoltan Mathe

Source: http://mtva.hu/hu/hungary-matters

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