ADVERTISEMENT

Fidesz-KDNP MPs scrap proposal for transport tax, decide to leave "chips" tax unchanged

Banking

MPs of governing Fidesz-KDNP scrapped proposals to introduce a transportation tax and decided to keep the scale of a tax on unhealthy foods unchanged at a meeting on Monday, party MPs said.

Neither the scale of the tax on unhealthy foods, dubbed the "chips" tax by some, nor the scope of products on which it is levied will be changed, parliamentary group leader János Lázár and Fidesz MP Antal Rogán said after the meeting.

Local authorities will not be allowed to levy new taxes, the men said.

Rogán said the vehicle registration tax would be reduced significantly next year, but stricter requirements would be introduced for payment of VAT on vehicles.

From January 1, the use of vehicles with foreign number plates will be allowed in Hungary "practically" only for 24-hour periods, compared to 30 days at present, Rogán said. Germany uses the same practice, he added.

ADVERTISEMENT

Matolcsy Advocates Euro Adoption Only After 2030 Analysis

Matolcsy Advocates Euro Adoption Only After 2030

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Retail Sales in Hungary Down 12.6% y.o.y. in April Retail

Retail Sales in Hungary Down 12.6% y.o.y. in April

Hungary Tourism Spending Surplus Reaches HUF 265 bln in Q1 Tourism

Hungary Tourism Spending Surplus Reaches HUF 265 bln in Q1

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.