ADVERTISEMENT

Gov’t submits bill that would set 9% flat corporate tax

Banking

pixabay

Minister for National Economy Mihály Varga submitted a bill to Parliament on Monday that would establish a 9% flat-rate corporate tax as of January 1, 2017, Hungarian news agency MTI reported today.

At present, the corporate tax rate is 10% on a tax base up to HUF 500 million, and 19% over that amount. 

Prime Minister Viktor Orbán announced the governmentʼs plans to introduce the lower, flat-rate corporate tax about two weeks earlier.

Number of Firms Working With Unis Doubles in 10 Years Figures

Number of Firms Working With Unis Doubles in 10 Years

Hungary Backs French Initiative for Cultured Meat Review EU

Hungary Backs French Initiative for Cultured Meat Review

Regus Fészek Office Building Opens in Pécs Office Market

Regus Fészek Office Building Opens in Pécs

Budapest 14th in Sports Cities Ranking City

Budapest 14th in Sports Cities Ranking

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.