“The bank levy, the 50% tax on profit of energy service providers, the tax on the lines of utilities and telecommunications companies, the per-minute tax on telephone calls, the contribution asked of insurers and retail companies, the tax on harmful foods, and the financial transactions duty are all important and permanent elements of the definitive Hungarian tax system in the future,” Balog told the paper.
Asked if the ministry sees any need to introduce new special taxes, Balog said changes to regulations could always become necessary, but the introduction of new types of taxes or the “drastic increases” of existing taxes at present were “inconceivable”.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
