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