No real estate tax before 2010 in Hungary

Banking

The Hungarian government will not introduce a real estate tax in January 2008, but talks between the governing coalition parties about lowering the threshold for luxury tax continue, business daily Világgazdaság reported on Friday.

While the decision not to implement the new tax next year refers only to 2008, many believe that the government has ditched the idea altogether and will not burden the population with the real estate tax at all during its term, which runs through 2010). The cabinet is expected to decide on tax system changes to be implemented in 2009 in the spring of 2008 and is likely to tackle major tax cuts as well. (Vg, portfolio)

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.