EC decision on telco tax not expected this year

Banking

Hungary's government does not expect the European Commission to take a decision on the country's telco tax this year, daily Népszabadság said on Monday, citing the National Economy Ministry.

Responding to a query by the paper, the ministry said the telco tax was in full compliance with European Union law, as the government has detailed for Brussels.
The European Commission sent a letter of formal notice to Hungary in June concerning a "crisis tax" that has been levied on telecommunications companies since 2010. The letter was sent after a careful review of complaints by foreign companies from other European Union member states that the taxes were discriminatory, an EC spokesperson said at the time. The letter of formal notice is "not an infringement as such" but a "request for further information from the Hungarian authorities", the spokesperson added.
Hungary had two months to provide further information on the tax.

ADVERTISEMENT

More Romanians at poverty risk since the COVID pandemic Analysis

More Romanians at poverty risk since the COVID pandemic

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.