Amendment to bill would cause gaming machine tax to jump

Banking

MP János Lázár, head of the parliamentary group of the governing party Fidesz, on Monday submitted an amendment to a bill raising the tax on gaming machines, while MP Antal Rogán submitted a bill that would tax online gambling.

Lázár's amendment would raise the tax on gaming machines by 500%-600%, instead of the 25% proposed by National Economy Minister György Matolcsy. The tax would rise from a monthly HUF 100,000-120,000 per machine to HUF 500,000-700,000 per machine, depending on its location, under the bill.

Rogán's bill would levy a 20% tax on all net revenue from online gambling.

ADVERTISEMENT

Number of Liquidations Increasing Rapidly Figures

Number of Liquidations Increasing Rapidly

Varga Meets With Chinese Business Leaders Int’l Relations

Varga Meets With Chinese Business Leaders

AutoWallis May Increase Planned Sales Due to Strong Performa... Automotive

AutoWallis May Increase Planned Sales Due to Strong Performa...

Around 2,800 Events Take Place in European Capital of Cultur... In Hungary

Around 2,800 Events Take Place in European Capital of Cultur...

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.