Amendment to 2012 budget bill freezes HUF 300bn of reserves till end-Q3
An amendment to the 2012 budget bill has been submitted to Parliament that freezes HUF 300bn of reserves until September 30, 2012, chairman of Parliament’s Economy and IT Committee Antal Rogan said at a conference on Wednesday.
Half of the reserves will come from the two percentage point increase in the main VAT rate to 27%, Mr Rogan said at the Infoter conference in Balatonfured.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.