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Daily News Hungary Daily News Hungary · 18/07/2022
· Business

President signs small business tax law

Novák Katalin president

Photo: https://www.facebook.com/novak.katalin.official/photos

President Katalin Novák on Monday signed into law the amendments to the tax for small business owners (kata).

The legislation prompted protests in Budapest last week.

In a statement, Novák said she had found no reason to refer the law to the Constitutional Court, and “the legislator’s intent is hardly disputable”.

At the same time, “the outrage is palpable,” and many have difficulties in adapting swiftly to the new situation, she said. “I can understand they have questions. It would have been better to decide on the amendments after substantive consultation with the interested parties,” she said.

“I have talked to the prime minister and the cabinet, and obtained a promise that the detailed regulations will provide answers to legitimate questions,” she said.

In these extraordinary times, Hungary’s security is based on budgetary stability, she said. “Cooperation, mutual responsibility and understanding will help us through the worst of it. That is the only way to stay standing,” she said.

Read alsoProtesters block Margaret Bridge — UPDATED, PHOTOS

Source: MTI

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1 Comment

  1. Freedom of People under Democracy : says:
    18/07/2022 at 20:52

    These Demonstrations we are witnessing in Hungary in relation to the KATA – rightfully being staged by Citizens of Hungary under the RIGHT given them under Democracy, must GROW – in the Impact & Message – they are sending to the Orban led Fidesz Government of Hungary.
    The message ORDERLY that is being sent – must HIT all Hungarians – that contains CLEARLY in the Message – the “styled” form & agenda of this Oban led Government that being – Dictatorial.
    The style of the present Government of Hungary – its “creed” and “dogma” – displays – they are the AGGRESSORS – by simple explanation – we tell you what to do & how and understand – its our way or NO way.
    Aggressive style of Government & Dictatorial.
    Demonstations conducted in an ORDERLY and planed message purpose. – and NO aggression, leave that to the oresent Government led by Victor Orban – who are the AGGRESSORS.
    Democracy – has No Place – in its CORE elements – for a Government – that acts & “plays out” – an agenda that is Dictatorial.
    Democracy – is Dialogue.

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