Tax amnesty brings back almost HUF 100 billion from offshore accounts

Banking

A tax amnesty on assets repatriated from offshore accounts brought back almost HUF 100 billion to Hungary in 2011 and 2012, daily Magyar Nemzet said on Monday, citing data from the National Tax and Customs Authority (NAV). Under the amnesty, which wound up at the end of 2012, Hungarians paid just 10% on the repatriated assets. The paper said taxes paid on the assets came to HUF 9.67 billion.

ADVERTISEMENT

Consumer expectations fall more than business confidence in ... Analysis

Consumer expectations fall more than business confidence in ...

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest targets tourists with public transport fare hikes City

Budapest targets tourists with public transport fare hikes

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.