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• Culture

  Hungary’s best pálinka of 2018 named

  

  The Brill Pálinkaház distillery from Tolna County in central Hungary won the annual National Pálinka Contest with a spirit made of Jázmin grapes. Pálinka is a traditional clear or opaque fruit brandy that is considered the national spirit of Hungary.

   Thu, June 28, 2018, 16:54

  • pálinka
  • Brill Pálinkaház
  • contest
  • winner
• Economy

  Government submits wide raft of tax changes

  

  A bill submitted by the government to Parliament late Tuesday would raise the revenue threshold for the Small Business Tax (KIVA) and phase out the Simplified Business Tax (EVA).  The bill was among a plethora submitted during the day, affecting real estate investment trusts (REITs), late payments, bank transfers and other areas.  

   Wed, June 20, 2018, 11:01

  • tax
  • eva
  • kiva
  • reit
  • bank transfer
  • late payment
  • palinka
  • varga
• Culture

  Judges set to announce nation’s best pálinka

  

  Hungary is just one week away from learning the name of the best pálinka (traditional fruit brandy) in the country. Some 48 manufacturers submitted more than 307 entries to the annual National Pálinka Competition. The organizers will announce this year’s winner in Parliament on June 28.

   Wed, June 20, 2018, 10:00

  • palinka
  • competition
  • national
  • brandy
• Business

  Digestifs lead Hungarian spirits preferences

  

  Hungarians spend more than HUF 80 billion per year on spirits. However, despite being the national drink, pálinka does not rank highest among Hungarian consumersʼ preferences, research by Nielsen shows.

   Wed, Nov. 8, 2017, 08:41

  • spirit
  • digestif
  • palinka
  • vodka
• Business

  Wine trader Veritas buys into pálinka brand

  

  Wine trader Veritas and Péter Bárány, former commercial chief of pálinka distiller Rézangyal Kft., are jointly purchasing 50% of premium pálinka brand Márton és Lányai, therefore taking over distribution from Rézangyal, according to a press statement sent to the Budapest Business Journal today.

   Tue, Feb. 21, 2017, 13:46

  • veritas
  • rezangyal
  • marton es lanyai
  • palinka
  • buyout
  • purchase
• Economy

  Home made pálinka now taxed at HUF 700 per liter

  

  The Hungarian Parliament today approved legislation raising the tax on the home distillation of pálinka, the traditional Hungarian fruit-based spirit, to HUF 700 per liter, in order to comply with a ruling by the European Court, Hungarian news agency MTI reported.

   Tue, Nov. 17, 2015, 14:28

  • parliament
  • european commission
  • palinka
  • spirit
  • tax
• Economy

  New pálinka tax rules take effect

  

  In order to harmonize Hungarian law on pálinka tax with European Union rules, a recent amendment was approved by the parliament eliminating the tax exemption for home distillation of spirits as of this January, Hungarian news agency reported today.

   Wed, Jan. 14, 2015, 14:45

  • pálinka
  • spirit
  • amendment
  • tax
  • exempt
• Business

  Provision would harmonize pálinka tax with EU rules

  

  A provision in a tax bill submitted by the government to Parliament on yesterday would eliminate a tax exemption for distillation of spirits for all households but fruit growers. The changes are intended to harmonize Hungarian law with European Union rules, according to the justification for the provision.

   Wed, Oct. 22, 2014, 10:10

  • provision
  • harmonize
  • pálinka
  • spirit
  • tax
  • eu
  • european
  • union
  • rules
  • alcohol
• Politics

  ECJ rules against tax-free exemption for pálinka distillers

  

  Now this one could hurt: The European Court of Justice made official today the long-rumored striking down of a Hungarian law exempting taxes on small-scale pálinka production. A reported 15 million liters of the national tipple could be affected...

   Thu, Apr. 10, 2014, 11:30

  • pálinka distillers
  • pálinka
  • european court of justice
• Economy

  15 million+ liters of tax-free pálinka distilled in 2013

  

  For those wondering what possible impact that an EC ruling on the tax-free status of private pálinka distillation might make in Hungary, local business daily Napi Gazdaság provides some numbers: Over 15 million excise tax-free liters of the nation’s favored tipple were produced in 2013…

   Thu, Feb. 20, 2014, 09:15

  • pálinka distillers
  • pálinka
  • european commission
  • mihály varga
  • excise tax