News in Brief
Hungary reveals 2018 budget plans
Hungary's 2018 budget would contain a two percentage point cut in the payroll tax, a one percentage point reduction in the tax on small businesses, a decrease in the VAT...
Value-added tax
V
News in Brief
Hungary to reduce VAT on internet access to 5 percent
The Hungarian government is also planning to establish a 5G coalition sometime during the summer, which could make Hungary one of the first European centers of 5G development
News in Brief
Hungarian government lowers VAT on meat and dairy products
VAT on poultry, eggs and milk was reduced on January 1, and sour cream, cottage cheese and pork organs will soon have a lowered VAT rate
News in Brief
Hungarian government's allocation for families is unparalleled in Europe
The government will spend 4.7 percent of GDP on family subsidies in 2017, a share unparalleled in Europe
News in Brief
Hungarian government to lower VAT on internet services
VAT on internet services will drop from 27 to 18 percent in 2017, and to 5 percent in 2018