tax/VAT

31/10/2023

Government to continue phasing out sectoral taxes

The government will continue to gradually phase out special taxes on some sectors of the economy, the finance ministry said #tax #government
21/10/2023

Hungary’s budget is in trouble: less income, more expenditure, state unable to save money

The Orbán government, having a supermajority, regularly accepts Hungary's annual budget the year before. But this year, the figures look bad. #budget #economy #government
04/10/2023

Hungary open to new double taxation avoidance treaty with US

The US has terminated the double taxation treaty between it and Hungary back in February. #unitedstates #taxation #economy
02/10/2023

Economic development minister: Hungarian central bank is operating in cyclops mode

"The central bank is operating in cyclops mode, let's hope it doesn't go blind"
02/10/2023

Hungarian tax system remain competitive despite global minimum tax?

Hungary must incorporate the GMT into its legal system by January 1, 2024, but...
26/08/2023

Significantly higher fuel prices expected from next January

Fuel prices will be significantly higher from next January in Hungary thanks to a tax modification - here is what to expect #fuel #economy #transport #travel #tourism #traffic
25/08/2023

Changes in Government Taxes, Hungary 2023

The Hungarian parliament enacted the Autumn Tax Package towards the end of 2022.
30/07/2023

Hungarian government plans tax cuts

Despite the war, Hungary's government is planning to introduce further tax cuts for SMEs, the finance minister said on Friday #Hungary #tax #economy
05/07/2023

Hungarian Parliament passes 2024 tax laws, elects 4 constitutional court judges

Despite a difficult economic situation in Hungary, the government will implement further tax cuts next year, the finance ministry said. #hungary #dailynewshungary #finance #tax #court
04/07/2023

Government official: Brussels decided excise tax of fuels must be raised in Hungary

András Tállai points the finger at Brussels over the excise duty on fuels, but he fails to mention the weakening of the forint. #hungary #dailynewshungary #fuel #brussels
12/06/2023

“Revenge law” for teachers: Orbán cabinet proposes an extraordinary session of Parliament for Friday

Teachers are organising a demonstration on Friday to protest against the "revenge law"
06/06/2023

Breaking: Fuel tax to be increased in Hungary

A steep excise tax hike is expected to come next year. What does this mean, how much more expensive will fuel get because of this? One […]
05/06/2023

Drug tax increased, medicines to disappear from Hungarian pharmacies

By issuing a new decree, the Hungarian government increased the drug tax significantly. This new regulation could result in serious medicine shortages.
01/06/2023

Radical decisions taken by the Hungarian government overnight

New tax, binding letter to banks and extra profit tax to stay..... #DailyNewsHungary #Hungary #HungarianGovernment
19/05/2023

Hungarian government to remove special taxes in 2024

The government is planning to remove the "extra tax burdens" on the banking sector next year. #hungary #dailynewshungary #bank #tax #government
23/04/2023

Mayor: the government took too much money from Budapest

The central government has stripped the Budapest municipality of funds amounting to 227 billion forints (EUR 601m) in the past three years, the mayor said. #Hungary #Hungarian #Budapest #government #mayor #money
18/04/2023

Hungarian mystery: an ammunition production line vanished in thin air

The story involves denunciations, EU money, an assassination attempt on the Ukrainian vice-president and many sinister twists... #DailyNewsHungary #Hungary #weapon #arms
07/04/2023

PHOTOS: Budapest Airport alerted – suspicious parcel from the USA

National Tax and Customs Administration of Hungary (NTCA) officials found a suspicious parcel at Budapest Airport - here are the details #Hungary #Hungarian #Budapest #BudapestAirport #dailynewhsungary #travel #tax
18/03/2023

Government may abolish crucial tax soon

The minister of agriculture talked about that yesterday. #Hungary #Hungarian #agriculture #dailynewshungary #tax #government
10/03/2023

Is the Hungarian government ready to scrap excess profit taxes?

The controversial Hungarian excess profit taxes could be phased out in 2023. #Hungary #money #tax #Dailynewshungary