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Challenges of crisis taxes will not affect revenue, ministry says

None of the European Union procedures launched to review crisis taxes Hungary started levying in 2010 present risk to targeted revenue, but factors arising in the course of the procedures may require "corrections" to the law, the National Economy Ministry said in a document obtained by MTI.

Any possible changes to the tax rules must be made in such a way that they do not affect revenue from the taxes, the ministry said in the document.

The document was prepared for Parliament's Audit and Budget Committee, who reviewed it at a meeting on Monday.

Hungary levied the taxes on the energy, telecommunications and retail sectors to plug its budget gap.

Three EU procedures challenging the taxes have been launched. A pilot procedure on the telecommunications tax has already been closed, according to the document. In the procedure, the European Commission did not accept the stand of the Hungarian government, but did not decide yet on whether to start a formal infringement proceeding against Hungary in the matter.