Banking

Varga envisions tax evasion narrowing significantly

Improved tax morale that comes with measures the government has taken to crack down on tax evasion, such as the...

Banking

Actions against tax fraud bring a better world for the good-faith taxpayers too

Considering the low direct tax rates on corporations (9%) and on private persons (15%), the reducing social security charges (19.5%)...

Banking

Parliament approves 2019 budget, tax changes

The Hungarian Parliament approved the 2019 budget on Friday, winding up the summer session. The house also approved several tax...

Banking

IMF urges Hungary to reduce state debt further

Staff of the International Monetary Fund (IMF), while acknowledging Hungaryʼs strong economic growth and a marked reduction in its external...

Banking

Govʼt to continue payroll tax cuts, conditional on wage rises

Minister of Finance Mihály Varga confirmed on Wednesday that the government would continue to reduce the payroll tax in 2019...

Banking

Higher oil prices to raise CPI, but MNB sees no spillover

Inflation could rise slightly over the 3% mid-term target in the coming months on the back of sharp increases in...

Banking

Government submits wide raft of tax changes

A bill submitted by the government to Parliament late Tuesday would raise the revenue threshold for the Small Business Tax...

Banking

Government considers solutions for labor shortage

If a shortage of trained workers were to endanger an important investment, the government would help to fill the gap...

Banking

Orbán: 2019 budget bill to ensure ‘secure growth’

The government has drafted next yearʼs budget with increased reserves and a smaller deficit to provide a defense for possible...

Banking

Govt to continue payroll tax cuts in 2019

Hungaryʼs new government will continue to reduce the payroll tax and increase tax preferences for families with two children, Prime...

Banking

GKI: 14% of Hungarian employees on minimum wage

About 14% of Hungarian employees earn the minimum wage, according to a survey by economic research institute GKI. About half...

Banking

Double-digit wage growth seen continuing in 2018

In February 2018, average monthly gross earnings amounted to HUF 306,500, 11.9% higher than a year earlier. In January–February 2018,...

Banking

OrienTax appoints new directors

From March 1, Péter Kiss and György Boár have been promoted to directors at independent tax advisory firm OrienTax, according...

Banking

CMS Budapest adds senior expert to tax team

Judit Kresz, previously head of tax of a regional law firm, joined the tax team of legal and tax services...

Banking

Change in approach improves Hungarian tax collection rate

Tax revenues in Hungary were 5% up year-on-year in 2017, by HUF 609 billion, the National Tax and Customs Administration...

Banking

Varga envisions tax evasion narrowing significantly

Improved tax morale that comes with measures the government has taken to crack down on tax evasion, such as the...

Banking

Actions against tax fraud bring a better world for the good-faith taxpayers too

Considering the low direct tax rates on corporations (9%) and on private persons (15%), the reducing social security charges (19.5%)...

Banking

Parliament approves 2019 budget, tax changes

The Hungarian Parliament approved the 2019 budget on Friday, winding up the summer session. The house also approved several tax...

Banking

IMF urges Hungary to reduce state debt further

Staff of the International Monetary Fund (IMF), while acknowledging Hungaryʼs strong economic growth and a marked reduction in its external...

Banking

Govʼt to continue payroll tax cuts, conditional on wage rises

Minister of Finance Mihály Varga confirmed on Wednesday that the government would continue to reduce the payroll tax in 2019...

Banking

Higher oil prices to raise CPI, but MNB sees no spillover

Inflation could rise slightly over the 3% mid-term target in the coming months on the back of sharp increases in...

Banking

Government submits wide raft of tax changes

A bill submitted by the government to Parliament late Tuesday would raise the revenue threshold for the Small Business Tax...

Banking

Government considers solutions for labor shortage

If a shortage of trained workers were to endanger an important investment, the government would help to fill the gap...

Banking

Orbán: 2019 budget bill to ensure ‘secure growth’

The government has drafted next yearʼs budget with increased reserves and a smaller deficit to provide a defense for possible...

Banking

Govt to continue payroll tax cuts in 2019

Hungaryʼs new government will continue to reduce the payroll tax and increase tax preferences for families with two children, Prime...

Banking

GKI: 14% of Hungarian employees on minimum wage

About 14% of Hungarian employees earn the minimum wage, according to a survey by economic research institute GKI. About half...

Banking

Double-digit wage growth seen continuing in 2018

In February 2018, average monthly gross earnings amounted to HUF 306,500, 11.9% higher than a year earlier. In January–February 2018,...

Banking

OrienTax appoints new directors

From March 1, Péter Kiss and György Boár have been promoted to directors at independent tax advisory firm OrienTax, according...

Banking

CMS Budapest adds senior expert to tax team

Judit Kresz, previously head of tax of a regional law firm, joined the tax team of legal and tax services...