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Report: Lázár expects an ad tax of 3-5%

Banking

The Hungarian government is to consider a 3-5% flat-rate tax for advertisers, with the intent of protecting small media companies, Hungarian news agency MTI cited Cabinet Chief János Lázár and Fidesz faction leader Antal Rogán saying today at a meeting of Parliament's economic committee.

Lázár said that an amendment to the currently progressive advertising tax has not yet been drafted, but he expects the proposal to be presented to the government in March.

He added that there is a need for the advertising tax to be modified due to two procedures having been launched by the European Commission on tax and competition concerns. According to the cabinet chief, the concerns in question “were of a technical nature”.

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