The stricter inspections that replace the earlier regulation and the companies’ fear of them may boost the budget incomes by Ft 10 billion – Ft 15 billion ($54.7 million- $82 million). According to data of the Tax Office, 118,000 companies make losses and 18,000 break even from the existing 315,000; which means only the rest of them pay the 16% profit tax. The situation is even worse among individual entrepreneurs: 210,000 of 321,000 make no profit according to their tax returns. According to the regulation, companies and entrepreneurs whose profits do not reach 2% of their turnover may choose to pay the tax after 2% profits or fill out a questionnaire by which the Tax Office will decide if a closer inspection is necessary. (NG 4)
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.
