Budapest, March 4 (MTI) – The ruling Fidesz wants to exempt low-income companies from the tax on advertisements to spare them bureaucratic burdens, the party’s group leader Antal Rogan said on Wednesday.

He told public Kossuth radio that the government expects a conflict in Brussels because the European Union will expect the tax to apply to even the smallest companies with low revenues.

Cabinet chief Janos Lazar told parliament’s economic committee on Tuesday that talks were under way on granting an exemption to low-income companies.

Rogan told Kossuth radio that 7 billion forints (EUR 2.3m) projected annual revenue from the ad tax must be maintained, and this is why he had told the economic committee about “a 3-5 percent intensity, which is not the tax rate, since this refers to the intensity of all tax revenue generated throughout Hungary”.

If the ad tax rate is less than originally planned, in order to maintain revenue at the projected level, it “obviously needs to be spread out more,” he said.

Photo: MTI

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

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