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Few SME directors believe new small-business taxes will help

Few SME directors believe that Hungary's new small-business taxes introduced on January 1 will help their businesses, a joint K&H Bank and GfK Hungária survey shows.

One-fourth of the 500 SME directors participating in the survey said that they believe the small-business tax known according to its Hungarian acronym as "kiva" will help their business, while one-seventh of them said they believe the itemized tax for small tax-payers known according to its Hungarian acronym as "kata" will help their business.
The National Economy Ministry said earlier that about 51,000 companies had registered for kata and almost 10,000 for kiva.