State secretary outlines planned tax bill

Banking

The Hungarian government is planning to tie the excise tax on vehicle fuel to global energy prices and spending the extra revenue on road renovation, state secretary for tax affairs András Tálllai said today while outlining a tax bill to be submitted to the Hungarian Parliament soon, according to reports.

In order to comply with related European Union rules, the excise tax on tobacco products is also expected to rise to 29% by the end of 2017, the state secretary said, according to Hungarian news agency MTI. 

Tállai said that changes are expected to the personal income tax as well as the value added tax in line with the Hungarian government’s commitment to helping families.

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