Parliament approves classifying details of donations, tax rebates as tax secrets

Retail

shutterstock

The Hungarian Parliament today approved a bill of amendment that would classify the details of donations and related tax rebates as tax secrets, Hungarian news agency MTI reported.

Under the amendment, submitted to Parliament by Minister for National Economy Mihály Varga yesterday, the total amount of donations each taxpayer makes, as well as the total amount each beneficiary receives, cannot be classified as tax secrets; however, the details of each individual donation a taxpayer makes or each individual donation a beneficiary receives would be classified as tax secrets.

Online news portal index.hu noted earlier that this means that while the total amounts given or received would be known, the source of the donations would not. This detailed data “belongs to the private and business sectors,” according to the bill.

The law will take effect on the fifth day following its publication.

The amendment was approved by 138 voting in favor, with 31 voting against and no abstentions, in an expedited procedure submitted by Varga yesterday.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.