Hungarian government: Local councils prohibited from increasing taxes next year

The government has ordered local councils not to increase local and municipal taxes next year. Further,...

Hungarian government against barriers to fair tax competition

Hungary rejects any kind of international tax regime that would hinder fair tax competition, Finance...
Daily News Hungary economy

Coronavirus – Budapest mayor: BKIK against cancelling local business tax

Budapest Mayor Gergely Karácsony said on Tuesday that in addition to the metropolitan council, the...
Daily News Hungary economy

Lawmakers pass bill on family farms

Lawmakers on Tuesday passed the bill on family farms that eases taxes and cuts red tape for many farmers...

Coronavirus – Orbán: New restrictions are “timely” and “precise”

"Every life counts", Prime Minister Viktor Orbán said in a radio interview on Friday, while also...
Daily News Hungary economy

Hungary inflation eases to 3 pc yr/yr in Oct

Consumer prices in Hungary rose by an annual 3.0 percent in October, level with the medium-term target...
Daily News Hungary economy

Property buyers eligible for govt family support won’t have to pay stamp duty, VAT from January

Hungarians who enjoy the government's family housing support (csok) will be exempted from paying tax on...

Home construction VAT to revert to 5 pc in Hungary

The VAT rate on home building carried out before December 31, 2022 will revert to 5 percent, Prime...

Mayor Karácsony: Budapest mulling 0.5 pc business tax for recovery

Budapest is mulling the introduction of a 0.5 percent "recovery" tax on larger businesses until Budapest...
hungary coronavirus catering

Budapest council cuts rents for catering businesses

The local council of Budapest approved steep discounts on rents for catering businesses on city-owned...