News in Brief
Lawmakers approve package of tax changes submitted by government
The law passed with 116 votes in support, 47 against and 7 abstentions.
Taxes
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Blog
Something you won’t read in mainstream international media: Eurostat found that Hungary leads the EU in terms of tax cuts
Taxation is an area where the mainstream media’s disregard for unbiased reporting becomes the most obvious.
News in Brief
Eurostat: Hungary leads the EU in terms of tax cuts
According to fresh data published by the European Union’s statistics bureau, Hungary’s tax wedge on average earnings declined the most within the bloc over the last decade.
Blog
Taxes then and now: These numbers speak for themselves
The world of politics, of course, is by definition dominated by the clash of conflicting ideologies and views. There are, however, policy areas where numbers matter more than opinions.
News in Brief
European Court of Justice rules in favor of Hungary on progressive taxes
The European Court of Justice has ruled in favor of Hungary against the European Commission’s decision that the progressivity of certain tax rates based on turnover was in breach of EU state aid rules.
News in Brief
ÁSZ sees room for gradual reduction in 15 percent personal income tax rate
“In my opinion, the current economic conditions allow for a further reduction of the personal income tax in two or three steps,” László Domokos said.
News in Brief
Brussels is going after Hungary's tax cuts, says official
András Tállai, state minister at the Finance Ministry, has revealed that because Hungary is reducing its taxes at the fastest rate in the European Union it has become the target of Brussels bureaucracy
News in Brief
Government takes steps to stop multinational companies from evading Hungarian taxes
Hungary is now one of the leading tax havens in the world. With the 7.5 percent tax that multinational companies have to pay, Hungary is now ahead of other tax havens like Ireland, Cyprus or Malta
News in Brief
Hungary’s tax-to-GDP ratio sees largest decline in the European Union
The finance ministry said the government’s tax policy focuses on cutting taxes and simplifying tax administration and the tax cuts will continue
News in Brief
Hungary's 25 percent immigration tax could be introduced by late summer
András Tállai, the Ministry of Finance’s parliamentary state secretary, stressed that the costs incurred to the state and to the Hungarian people as a result of the activities of organizations that assist immigration must be recovered
News in Brief
“We need to introduce additional measures to protect Hungary from illegal migration,” says Finance Ministry
The government of Hungary has announced that the proposed tax law currently in front of Parliament proposes a 25 percent duty on organizations aiding illegal migration. The Government said that their goal with the new legislation is to help pay for expenses that illegal migration imposes on the Hungarian budget.
News in Brief
Hungarian government to launch new NAV online invoicing system on July 1st
Mihály Varga, minister of Finance, said NAV will make the system available to businesses free of charge. The system will supply companies with information on invoicing rules and help speed up the issuance of invoices
News in Brief
Hungary's finance minister: New tax cuts are planned and fresh investments are on the horizon
Hungary wants to preserve the current growth rate of around 4 percent, new tax cuts are planned and fresh investments would be coming on tap, the minister said