Waberer's to pay HUF 1.2 bln in windfall tax in 2022
Listed Hungarian hauler Waberer's International on Thursday said it expects to pay HUF 1.2 billion this year on a windfall tax on insurers, according to a report by state news wire MTI.
The additional tax, paid on revenue from premiums of the company's general insurance business, will reduce operating profit, Waberer's said.
Hungary's government has levied "extra profit" taxes on a number of sectors in 2022 and 2023. Revenue from the taxes is earmarked for funds to protect the regulated utilities price system for households and upgrade the country's military defense.
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