Ministry publishes draft of advertisement tax


The government plans to levy a progressive tax on revenue from advertisement according to a draft bill published by the National Economy Ministry on its website on Friday. The government will decide on the final version of the bill at its next meeting, the ministry said. The tax will be zero up to annual net advertisement revenue of HUF 1 million, will be 1% on the part between HUF 1 million to HUF 5 milion, 10% on the part of net revenue between HUF 5 million and 10 billion and will be 20% on revenue in excess of HUF 10 billion under the proposal. The tax would be levied on the person or entity publishing the advertisement, including foreign entities or persons on their advertisement activities carried out in Hungary through a branch. Political ads and public service advertisements/announcements will be exempt from the tax, according to the draft. A tax advance will be paid in two equal installments by July 20 and October 20 based on the previous tax year, and the payment should be supplemented based on expected revenue by the end of the tax year.


Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


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.