Change to bill would cut waiting period for tax changes

Banking

An amendment to a bill on Hungary’s Financial Stability Act submitted by Parliament’s Budget Committee would cut the time required between the announcement of tax changes and the time they come into force from 60 to 30 days.

The proposed amendment to the bill, published on the website of Parliament, would also remove a line from the bill allowing tax changes to come into force only on the first day of the calendar year.

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