Cabinet to review ad tax, spokesperson says

In Hungary

Hungary's government believes that all economic players must have their fair share of public burdens and will review the tax on advertising accordingly, government spokesperson Éva Kurucz said in a statement issued yesterday. 

The government introduced the tax in the summer. The first payments brought in HUF 1.3 bln in August. The government plans to go on with utilities price cuts, Kurucz said, noting that distant heating prices will be reduced by another 3.3% from October and the cabinet will soon decide on plans for establishing more utilities holdings.

The press statement was published after a protest issued by the Hungarian Banking Association against retroactive legislation in the debtors' releif law. Kurucz said the government would go on with the legislation even if the association did not like it.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.