“We have achieved serious results, we can easily call this a Hungarian success — we have been right to stand up for our interests,” Minister Varga said.
The Orbán Government slashed income tax to a flat 15 percent and dropped the corporate tax to nine percent, the lowest in the EU.
The minister highlighted how Hungary has the lowest level of corporation tax in the European Union, in addition to which American companies also regard the government’s investor-friendly attitude and investment...
Péter Szijjártó, minister of Foreign Affairs and Trade, said that "everyone can see that the policies employed by Brussels so far have been ineffective.” Those politicians who deny that there is a need for change in the EU are seriously hurting the bloc, he said, adding that Chancellor Kern was one such politician
The law was passed with 146 in favor, 7 against and 27 abstentions for the payroll tax to be cut to 22 percent in 2017, and to 20 percent from 2018
There are 800-900 companies in Hungary that paid 19 percent corporate profit tax in 2016. As a result of the new rate, they could save 132 billion HUF in 2017 and 140 billion HUF in 2018
On Tuesday the Hungarian Parliament approved new taxation laws that significantly reduce the tax burden on small, medium and larger enterprises.
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
PM Orbán said if the government’s talks are successful, pensions could be raised by 1.6 percent next year, rather than by 0.9 percent as earlier planned
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.
Hungary is also planning cuts in personal income tax rates, lower payroll taxes and reforms to higher education to boost competitiveness