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Hungary government to levy extra tax on telecom, energy and trade companies for three years - PM Orbán

The Hungarian government plans to levy additional “crisis” taxes on telecom, energy and trade companies for a period of three years in order to keep the deficit target and at the same time help kickstart growth, Prime Minister Viktor Orbán said Wednesday.

The measures are part of the government's second economic action plan the Prime Minister will submit to Parliament next Monday, Orbán said, addressing at an event organized by the Szell Foundation.

Businesses in the telecom sector will pay HUF 61 billion annually starting this year, energy companies will pay HUF 70 billion and companies in the trade sector will pay HUF 30 billion a year in the extra taxes which will be collected for three years.

The government's first, 29-point economic-action plan was announced early June. (MTI-Econews)