Hungary telecom sector tax in line with EU laws, ministry says
Hungary does not intend to modify the act on the extraordinary telecommunication sector tax as the government's stance is that the tax does not contravene European Union law, the National Economy Ministry told MTI in a statement on Wednesday.
The statement is in response to the European Commission's request to Hungary on September 29 to abolish the tax the government has imposed on the country's telecom operators.
The European Commission has said the tax violates EU law because revenue from the tax are spent not on the special costs of the regulation of the telecom sector, but on central budget spending.
Hungary said it won't modify its law on sectoral tax because it is a direct tax and therefore comes under a member state's jurisdiction.
The ministry also said Hungary is ready to defend its stance in court.
ADVERTISEMENT
Hungary Trade Surplus at EUR 1 bln in October
Orbán Participates at Milei Inauguration in Buenos Aires
EV Demand Constantly Growing
Budapest Strings Celebrating Founder With Birthday Concert
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.
