News in Brief Tax cuts since 2010 Mar 08, 2018 The Orbán Government slashed income tax to a flat 15 percent and dropped the corporate tax to nine percent, the lowest in the EU.
News in Brief Hungary's FM: Hungary has lowest corporation tax in EU which is attracting American companies Sep 21, 2017 The minister highlighted how Hungary has the lowest level of corporation tax in the European Union, in addition to which American companies also regard the government’s investor-friendly attitude and investment promotion program as major arguments in favor of Hungary
News in Brief Hungary's foreign minister responds to Austrian Chancellor's comments about Hungary's EU position May 10, 2017 Péter Szijjártó, minister of Foreign Affairs and Trade, said that "everyone can see that the policies employed by Brussels so far have been ineffective.” Those politicians who deny that there is a need for change in the EU are seriously hurting the bloc, he said, adding that Chancellor Kern was one such politician
News in Brief Hungary reduces payroll tax to 22 percent in 2017 Dec 13, 2016 The law was passed with 146 in favor, 7 against and 27 abstentions for the payroll tax to be cut to 22 percent in 2017, and to 20 percent from 2018
News in Brief Hungary introduces Europe's lowest corporate tax rate Dec 08, 2016 There are 800-900 companies in Hungary that paid 19 percent corporate profit tax in 2016. As a result of the new rate, they could save 132 billion HUF in 2017 and 140 billion HUF in 2018
Blog PM Orbán announces 6-year plan: “We want to create the best entrepreneur climate in the region” Nov 25, 2016 - Zoltán Kovács On Tuesday the Hungarian Parliament approved new taxation laws that significantly reduce the tax burden on small, medium and larger enterprises.
News in Brief Hungary takes measures to reinforce and stabilize economy Nov 23, 2016 Hungary has been growing stronger, the country’s macro-economic indicators have improved significantly in recent years and the country’s economic stability warrants large-scale plans
News in Brief PM Orbán: Higher wages and higher inflation could increase pensions Nov 21, 2016 PM Orbán said if the government’s talks are successful, pensions could be raised by 1.6 percent next year, rather than by 0.9 percent as earlier planned
Blog “Orbánomics” gives Hungary lowest corporate tax rate in Europe, with more tax cuts to come Nov 18, 2016 - Zoltán Kovács Speaking at the Regional Digital Summit in Budapest on Thursday, Prime Minister Viktor Orbán announced that Hungary will lower its corporate profit tax rate to 9 percent, the lowest in Europe.
News in Brief PM Orbán: Hungary will reduce corporate tax rate to lowest in EU Nov 17, 2016 Hungary is also planning cuts in personal income tax rates, lower payroll taxes and reforms to higher education to boost competitiveness