ADVERTISEMENT

Government to levy taxes on soap and shampoo

Telco

The government's plan to tax “other chemical products” in 2015 means that Hungarians might face price increases on soap, shampoo, washing powder, cosmetics, deodorants, air fresheners and even artificial flowers, Hungarian online daily Világgazdaság reported today. 

The prices of soaps and washing powders would increase HUF 11 per kilogram, cosmetics and beauty products would grow by HUF 57 per kilogram and office paper would increase by HUF 19 per kilogram, according to the report. The price of artificial flowers would grow by HUF 1,900 per kilogram, which could result in their disappearance from the market, according to the paper.

ADVERTISEMENT

OECD projects Hungary GDP growth will slow to 5% in 2022 Analysis

OECD projects Hungary GDP growth will slow to 5% in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.