Banking

New Advertising Tax Rules Will Give Many a Headache: Important not Only for Media Companies

As of January 1, foreign advertisers without a presence in Hungary should prepare for extremely strict sanctions for attempts to...

Banking

Hungary: the International Tax Expert’s Flexible Friend

The words “flexible” and “amazing” are probably not the first that spring to mind for most people when thinking about...

Banking

Tax office shows leniency for errors, saves sanctions for tax evaders

Hungary’s National Tax and Customs Administration (NAV) has become more “customer-friendly”, sanctioning tax evaders while offering assistance to taxpayers who...

Banking

Further tax cuts hinge on growth, says Varga

Hungaryʼs government could consider further tax reductions if the countryʼs economy grows at a steady rate of more than 3%,...

Banking

FHB to book close to HUF 4 bln extraordinary Q4 loss

FHB Mortgage Bank will book an extraordinary loss of almost HUF 4 billion in the fourth-quarter because of a lower...

Banking

POS terminal numbers climb 9%

The number of point-of-sale bankcard terminals in Hungary climbed 9% year-on-year to 107,800 in the third-quarter, data released by the...

Banking

Advertising Association fears tax may kill billboard business

The Hungarian Advertising Association (MRSZ) says the special tax on advertising in public spaces and the tightening of the law...

Banking

Parliament passes bill reducing payroll tax

The Hungarian Parliament yesterday passed a bill that will reduce payroll tax from 27% to 22% from next year, and...

Banking

Higher wages could support technology changeover, MNB says

A pickup in wage growth in Hungary will create demand, but also accelerate adaptation to new technology and move the...

Banking

The world of M&A transactions according to a tax advisor

Mergers and acquisitions can have many advantages if all goes well. But they can also be harmful and produce integration...

Banking

New billboard tax could hurt ad businesses

The Hungarian Advertising Association (MRSZ) believes a recently submitted bill on raising taxes on billboard advertising could significantly raise costs...

Banking

Gov’t submits bill that would set 9% flat corporate tax

Minister for National Economy Mihály Varga submitted a bill to Parliament on Monday that would establish a 9% flat-rate corporate...

Banking

Gov’t inks mid-term minimum wage deal

Representatives of the government, employers and employees today signed an agreement on pairing marked increases in the minimum wage with...

Banking

With rising productivity, Hungary can reach 3-5% GDP growth, says Varga

In order for Hungarian living standards to catch up with those of Europe as a whole, annual economic growth needs...

Banking

Gen gov’t runs HUF 57.3 bln surplus at end Oct

Hungaryʼs cashflow-based general government deficit, excluding local councils, ran a HUF 57.3 billion surplus at the end of October, the...

Banking

New Advertising Tax Rules Will Give Many a Headache: Important not Only for Media Companies

As of January 1, foreign advertisers without a presence in Hungary should prepare for extremely strict sanctions for attempts to...

Banking

Hungary: the International Tax Expert’s Flexible Friend

The words “flexible” and “amazing” are probably not the first that spring to mind for most people when thinking about...

Banking

Tax office shows leniency for errors, saves sanctions for tax evaders

Hungary’s National Tax and Customs Administration (NAV) has become more “customer-friendly”, sanctioning tax evaders while offering assistance to taxpayers who...

Banking

Further tax cuts hinge on growth, says Varga

Hungaryʼs government could consider further tax reductions if the countryʼs economy grows at a steady rate of more than 3%,...

Banking

FHB to book close to HUF 4 bln extraordinary Q4 loss

FHB Mortgage Bank will book an extraordinary loss of almost HUF 4 billion in the fourth-quarter because of a lower...

Banking

POS terminal numbers climb 9%

The number of point-of-sale bankcard terminals in Hungary climbed 9% year-on-year to 107,800 in the third-quarter, data released by the...

Banking

Advertising Association fears tax may kill billboard business

The Hungarian Advertising Association (MRSZ) says the special tax on advertising in public spaces and the tightening of the law...

Banking

Parliament passes bill reducing payroll tax

The Hungarian Parliament yesterday passed a bill that will reduce payroll tax from 27% to 22% from next year, and...

Banking

Higher wages could support technology changeover, MNB says

A pickup in wage growth in Hungary will create demand, but also accelerate adaptation to new technology and move the...

Banking

The world of M&A transactions according to a tax advisor

Mergers and acquisitions can have many advantages if all goes well. But they can also be harmful and produce integration...

Banking

New billboard tax could hurt ad businesses

The Hungarian Advertising Association (MRSZ) believes a recently submitted bill on raising taxes on billboard advertising could significantly raise costs...

Banking

Gov’t submits bill that would set 9% flat corporate tax

Minister for National Economy Mihály Varga submitted a bill to Parliament on Monday that would establish a 9% flat-rate corporate...

Banking

Gov’t inks mid-term minimum wage deal

Representatives of the government, employers and employees today signed an agreement on pairing marked increases in the minimum wage with...

Banking

With rising productivity, Hungary can reach 3-5% GDP growth, says Varga

In order for Hungarian living standards to catch up with those of Europe as a whole, annual economic growth needs...