Broader tourism sector relief adds up to HUF 20 bln a month
Extending tourism sector wage support and payroll tax exemptions to hotel service businesses and travel organizers will mean an additional monthly HUF 20 billion in relief for the sector, the head of the Hungarian Tourism Agency said in a podcast, according to a report by state news wire MTI.
Zoltán Guller noted that the broader 50% wage subsidy and payroll tax exemption is in force from December 1 until January 31, 2021. The support is conditional on maintaining headcount.
Guller said tourism sector relief so far as well as in the coming months would exceed HUF 800 bln.
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.