Gov’t not to back away from internet tax

Banking

Photo by Shutterstock.com

Fidesz MP Szilárd Németh, who is responsible for utility fee cuts, said today on Hungarian commercial television channel ATV that the government is not abandoning the idea of introducing an internet tax, neither would it lower the amount to be paid.

In the interview, Németh reinterated that the tax is to be paid by internet service providers and not end users, and ISPs are not eligible to transfer the costs. Németh added that the money generated by the tax would not be spent on military purposes, but would serve as a down payment for an EU grant of HUF 100 bln, which the government would use for developing broadband internet in Hungary.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.