Tax Cuts

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State Secretary Izer: Tax discounts aimed at countering coronavirus impact have already saved Hungarians HUF 62 billion

Jun 24, 2020 - Zoltán Kovács

Among a series of other steps to protect the economy and help Hungarian families get by during the epidemic, the Hungarian government instructed the tax authority to exercise leniency concerning tax-discount applications made as a result of the coronavirus crisis. Thanks to these measures, Hungarian families have, according to a state secretary from the Ministry of Finance, saved Hungarians more than HUF 62 billion so far.

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GDP growth and fiscal discipline mean more tax cuts in Hungary’s 2018 Budget

May 09, 2017 - Zoltán Kovács

Back in 2015, the government decided to put the following year’s budget up to vote in the spring session of the Parliament, an important decision to increase predictability and improve planning. This year is no different. Though 2018 will be an election year, the government has held to a tight fiscal policy in the new budget. Continued stability and growth make possible a boost in competitiveness and tax cuts for families.