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Official: Utility tax could drop if ISPs upgrade networks

Banking

In the event that internet service providers build new networks or upgrade existing ones, the Hungarian government could consider a reduction or even exemption of the utilities tax, state secretary for infocommunications Ákos Kara said in the Hungarian Parliament yesterday.

In the case of modernization, a preference would only be allowed if network speed was brought up to 100 Mbit/s, the state secretary clarified. According to Kara such action is needed as developments would cut the cost of internet use for Hungarians.

Hungary is back on the path of economic growth, as such the government is weighing the possibility of reducing some tax burdens next year, Kara added.

ISPs operating in Hungary are required to pay the utilities tax based on the size of their networks.

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