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Support builds to keep alcohol excise guarantee low

History

The National Economy Ministry has agreed with a proposal by the Prime Minister's Office to reverse changes to rules on excise guarantees required from wholesalers of alcohol. The ministry also said today that they have consulted with the tax office to ensure that no wholesaler will be placed at a disadvantage until the amended legislation comes into effect.

The Prime Minister's Office stated earlier that it would not back a proposal by Fidesz MP Gergely Gulyás on raising the size of the excise guarantees.

The Hungarian parliament approved legislation raising the guarantee threshold from HUF 22 mln to HUF 150 mln last November, but later approved amendments that would make the threshold progressive, with the aim of supporting small wholesalers, however, only from the start of 2016.

Earlier yesterday, Gulyás, said the progressive threshold would be introduced from March of this year instead, while Fidesz MP Sándor Font said the amendment affecting the change had been tabled for the lawmakers' first session of the year. He also dismissed allegations that the actions had been taken due to any special interest groups.

Following the announcement by the Prime Minister’s Office, ruling party Fidesz published a statement, in which Gulyás said that the government believed that restoring the scale of the excise guarantee to its January 1 levels would result in a better position than put forward by the Fidesz MPs' proposal "the Fidesz fraction will be very happy to support it, as it is best for family-run businesses".

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