MKIK: Local business tax should be maintained

Analysis

The current system of local business tax should be maintained next year according to the proposal of the Hungarian Chamber of Commerce and Industry (MKIK), and when there are no elections, the whole system of business tax should be reviewed according to the president of the organization, László Parragh, writes business daily Világgazdaság.

Parragh said if businesses have to pay less local taxes next year, they will have more money left to spend on rent, development and investment.

That is why the chamber also recommends that the government freeze other local taxes so that, for example, real estate taxes and tourism contributions cannot be raised, because entrepreneurial coffers are now quite thin.

ADVERTISEMENT

Differences in taxation in the CEE region Analysis

Differences in taxation in the CEE region

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

Lawmakers postpone expanded data provision for tourism secto...

Tihamér Tóth appointed European Court judge Appointments

Tihamér Tóth appointed European Court judge

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

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.