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Jun 26, 2020

August 20 national holiday celebrations may go ahead

The Hungarian government is considering relaxing restrictions on holding large-scale events from the middle of next month.

 

The Hungarian government is considering relaxing restrictions on holding large-scale events from the middle of next month.

Gergely Gulyás, the head of the Prime Minister’s Office, said the August 20 national holiday celebrations may go ahead pending an assessment of the coronavirus situation. Holding the celebrations would help revive the economy, he said, noting that the catering industry, musicians and event organizers were heavily impacted by the epidemic.

The minister said 120,000-130,000 people lost their jobs during the epidemic, adding that the government aims to create at least as many jobs as were lost. The number of active jobseekers fell last week, he noted, adding that the government was ready to provide employment for jobseekers if necessary.

Meanwhile, in a bid to crack down on tax cheats, the government is changing rules governing the Itemised Tax for Small Businesses (KATA) from next year. Gulyás announced that KATA taxpayers who invoice a single company will have to pay a 40 percent tax on income above HUF 3 million. The flat monthly HUF 50,000 payment will still apply to those who invoice multiple entities as long as annual income does not exceed HUF 12 million.

Photo credit: Origo