Among the proposals were suggestions to extend the exemption from the tourism development contribution, leaving HUF 10 billion with companies; to extend the exemption from payroll tax of top-ups of the SZÉP voucher card, which would also save companies HUF 10 bln; and to exempt business gifts and representation costs from payroll tax until the end of the year, which translates as HUF 15 bln-20 bln in support for the business sector, Varga said.
The council also recommended tax preferences for businesses affected by the crisis, such as penalty-free deferrals and accelerated VAT refunds, he added.
The council proposed broadening eligibility for payroll tax preferences for hiring people out of work by reducing the period the new hires had been jobless from six months to three, Varga said. The measure would leave HUF 30 bln with businesses, he added.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
