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.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

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.