Tax modifications: minority report


National Interest Conciliation Council (OÉT) attacked the government’s plan to merge the so-called small taxes.

Both employees and employers refused the concept, and came up with a series of criticism. The only detail in which the government concept was accepted is the reduction of the corporate tax to 10% under Ft 50 million turnover.

Trade union resorts should not be subject to luxury tax, and workers should receive annual Ft 4000 extra funding, as receiving their salaries on a bank account involves extra expenses, according to employees represented by spokesperson Péter Pataky. Ágnes Ungvárszki, spokesperson of employers approved all tax modifications which reduce administrative expenses.

The Ft 400,000 limit of total bonuses does not make any sense, but burdens both the companies and the state with extra expenses, she opined. There has to be a differentiation between tax evasion and involuntary mistakes, she added. Gábor Csizmár, undersecretary of social and labor ministry was willing to inform the government about the opinions discussed at the council. (Gazdasági Rádió, Magyar Hírlap)


Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


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.