Gov't Abolishes Taxes on Agricultural Land

Land

Photo by Andrii Yalanskyi / Shutterstock.com

Municipalities will not be able to levy taxes on agricultural land in the future, and the land tax collected for this year must be returned by October 1, according to a video Zsolt Nyitrai, the prime minister's chief adviser, posted on his Facebook page yesterday morning.

He said that the amendment to the law to abolish the land tax was developed and submitted by the Ministry of Agriculture together with farmers' organizations. 

The National Chamber of Agriculture and the Association of Hungarian Farmers' Associations and Farmers' Cooperatives had initiated a petition to ban the land tax. 

Nyitrai called the action a success, as more than 120,000 people signed the petition.

HBLF Recognizes Diverse and Fair Workplaces Analysis

HBLF Recognizes Diverse and Fair Workplaces

Improving Competitiveness 'Top Priority' of EU Presidency - ... EU

Improving Competitiveness 'Top Priority' of EU Presidency - ...

Uni of Miskolc, CATL Debrecen Sign Cooperation Agreement Deals

Uni of Miskolc, CATL Debrecen Sign Cooperation Agreement

Int'l Travelers to Europe Prioritize Safety, Quality This Su... Tourism

Int'l Travelers to Europe Prioritize Safety, Quality This Su...

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.