Report: Nine tax increases expected in 2015

Banking

While the final vote on the tax package in Parliament is set for November 18, a portfolio.hu report calculates that at least nine tax increases will become effective in 2015. More sectoral taxes might be introduced in an effort to fight the budget deficit, the report said.

While no economic sector is likely to be spared, the report said the following tax hikes are more than likely to be introduced in 2015: internet usage (new), investment funds transaction tax (new), tax on employee benefits, elimination of home made pálinka zero taxing, extension of “chips” tax, elimination of zero excise duty on liquor manufacture and extension of the environmental protection tax.

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