News in Brief European Court of Justice rules in favor of Hungary on progressive taxes Jun 05, 2020 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 Jul 11, 2019 “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 Mar 28, 2019 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 Feb 26, 2019 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 Dec 03, 2018 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 Jun 25, 2018 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 Jun 20, 2018 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 Jun 08, 2018 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 May 23, 2018 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
News in Brief Finance minister: Hungary will aim to further reduce taxes for both private individuals and businesses May 16, 2018 Minister Varga said the new cabinet wants to achieve full employment and targets annual GDP growth of around 4 percent until 2022
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 The Hungarian government dedicates 2018 to families Dec 28, 2017 Katalin Novák, the state secretary for family, youth and international affairs, said couples planning a family or already raising children will receive additional support
News in Brief Prime Minister PM Orbán: Nearly 10 billion EUR has been given to families since 2010 Oct 16, 2017 “Hungarians like to work, they can work hard and take initiative…and they are able to take responsible decisions,” the prime minister said
News in Brief Hungary aims to become a competitive country that can perform successfully in a new global economic age Jul 14, 2017 Hungary has the lowest corporate and personal income tax rates in Europe. The government has also launched several investment support and financing schemes and would continue to reduce payroll taxes
News in Brief Hungarian government receives a record 1.68 million responses to "national consultation" questionnaire Jun 01, 2017 The government intends to continue tackling illegal migration and to maintain the right to regulate taxes, wages and utility prices as national competencies
News in Brief More than one million Hungarians have so far returned their national consultation questionnaires May 10, 2017 The government launched its survey dubbed “Let’s Stop Brussels” on April 1, sending questionnaires to the whole voter base of about 8 million people and providing a website to answer the questions
News in Brief Hungarian government send out next round of national consultation surveys to solicit citizen input Mar 27, 2017 The Hungarian government will send questionnaires to households next week in the latest round of national consultations
News in Brief Prime Minister PM Orbán throws Hungary's support behind V4's position on future of Europe Mar 03, 2017 Hungary “whole-heartedly” supports calls made by V4 leaders for strengthening national control over legislative and political processes in the EU
News in Brief Hungarian government: Tax cuts, pay rises, better security and increased support for families in 2017 Jan 03, 2017 Wage increases will help strengthen the middle class and Hungary’s economy as a whole in the long term
News in Brief Hungary joins anti-tax evasion initiative Dec 24, 2016 Fifty countries have so far signed the agreement under which OECD tax authorities will share country-by-country reports on transfer pricing standards
News in Brief Hungary's state debt will fall this year Dec 22, 2016 Minister Varga said that wage increases would boost consumption and lending in 2017-2018
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
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 Hungarian government set to cut payroll taxes Oct 21, 2016 Hungary is planning to cut payroll taxes in a two-to-three-year program that will include incentives for employers to raise wages