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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.

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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

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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

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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

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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

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“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.

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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“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.

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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