tax/VAT

19/11/2024

Finance Minister Varga flags continued tax relief

Finance Minister Mihály Varga said tax relief was set to continue next year at a conference organised by the National Tax and Customs Authority (NAV) on Tuesday. #tax #government #financeminister
19/11/2024

Capping service fees: A new era for Hungary’s catering industry

The Hungarian Tourism Agency said government proposals on service fees and tips would strengthen the competitiveness of the catering sector in a statement issued on Tuesday. #tax #tipping #servicefees #restaurant #catering
19/11/2024

Orbán cabinet: Improving competitiveness cornerstone of Hungary’s EU presidency

The Hungarian presidency of the Council of the European Union will continue to make every effort to improve competitiveness, in addition to the results achieved so far with regard to that priority, Finance Minister Mihály Varga said. #EUpresidency #ministryoffinance #EU #competitiveness
15/11/2024

Hungarian government to cap catering service fees

The National Economy Ministry said it planned to cap catering service fees and ensure that waitstaff get their tips, tax-free, regardless if paid in cash or by card. #hungariangovernment #tax #tips #money #restaurant #bar
14/11/2024

Hungary’s 2025 budget to focus on housing support, family subsidies, and tax cuts, says minister🔄

Among others, the government will raise the amount of housing support, with tax preferences, that employers may offer their workers. #housing #tax #budget #Parliament #government
11/11/2024

How PM Orbán’s tax treaty plans could benefit Hungarian expats in the U.S.

🇭🇺🇺🇸 The new tax treaty could thus ease the financial burden for Hungarians living in the United States, which could benefit foreigners with investments and income abroad ⤵️
10/11/2024

Food courier crisis in Hungary: Labour shortage and opportunities for foreigners with KATA tax revisions

KATA tax reforms have reshaped Budapest’s food delivery landscape, cutting courier earnings and pushing many to leave or work long, gruelling hours. #Budapest #fooddelivery #couriers #labour #guestworkers
06/11/2024

Varga: Compromise on VAT in the digital age among successes of Hungarian EU presidency

A compromise reached on a package of legislation on VAT in the digital age is one of the “great successes” of Hungary’s presidency of the Council […]
04/11/2024

How Viktor Orbán’s son-in-law capitalised on tax breaks to dominate Hungary’s rich list!

Hungarian Prime Minister Viktor Orbán's son-in-law has amassed a significant fortune in recent years. What factors have contributed to his remarkable financial success? Check out our article for more details!
02/11/2024

Hungarian government prioritises family support, plans major tax relief boost

The government is on the side of families and wants to strengthen them, rather than migration, the minister of culture and innovation said. #family #tax
02/11/2024

Tax changes in 2025 in Hungary: Airbnb tax skyrockets, currency conversion fee remains, plane tickets may be cheaper

On 29 October at night, the government submitted their bill about the 2025 tax changes. In a nutshell, the Orbán administration plans to increase the Airbnb tax in Budapest (and only in Budapest) fivefold. Will that ruin the entire sector in the Hungarian capital? Will the hotel lobby win in Budapest? #budapest #tax #tax2025 #taxchanges #taxhungary #orbancabinet
26/10/2024

Hungary rises in global retirement rankings: Top countries for a happy retirement

In a recent global survey, U.S. News and World Report ranked 89 countries based on where people after retirement can enjoy the most comfortable lifestyles. #retirement #pension #ranking
25/10/2024

Addressing Budapest’s housing crisis: Proposal to restrict home purchases by non-EU nationals

What do you think – what solutions would best help address Hungary’s housing challenges? Let us know your ideas below! 🏘 #housingcrisis #realestate #Budapest #tax #rent
17/10/2024

Minister talks about the Hungarian economy’s future: 3-4% GDP growth, SME program, strict rules for Airbnb, rentals

Márton Nagy, Hungary's national economy minister talked about the future of the bright Hungarian economy at the Portfolio Budapest Economic Forum 2024. Do you believe in 3-6% GDP growth? #gdp #hungarianeconomy #orbancabinet #martonnagy #hungariangovernment
15/10/2024

Budapest Mayor Karácsony urges Orbán to address housing crisis as rent prices soar – UPDATE

Housing crisis: Hungary has the worst pay/rent ratio in Európában, and this needs to be addressed, but how?
08/10/2024

Hungarian-Serbian Joint Economic Commission meets in Budapest

🇷🇸🇭🇺 The Hungarian-Serbian Joint Economic Commission convened in Budapest, amendment of bilateral tax treaties: #serbia
10/09/2024

Hungarian economy minister highlights need to bolster SMEs

National Economy Minister Márton Nagy stressed the need to strengthen Hungarian-owned SMEs. #economy #business #SMEs
28/07/2024

Viktor Orbán announces doubling of tax benefits for families with children!

Hungarian Prime Minister Viktor Orbán announced that the tax benefits for families with children will be doubled in 2025. #Orbán #tax #benefits #family #children
12/07/2024

Hungarian government launches ruthless tax panacea to save the yearly budget

The Hungarian government has unveiled an adjustment package to address budget deficits. #tax #Hungariangovernment #companies #banks #money
10/07/2024

Hungarian extra tax concerning all air passengers to be abolished, tickets may be cheaper!

Here are the details about the phase out of the extra tax making tickets more expensive. #budapesttravel #budapestairport #flight #ticket