EC closes one infringement procedure against Hungary, launches another
The European Commission has closed an infringement procedure against Hungary related to excise tax rules for the national spirit pálinka, but launched another on exemptions for pálinka and herbal spirits from a product tax, the ECʼs press service said yesterday, according to Hungarian news agency MTI.
The EC closed the former infringement procedure after it found the new excise tax law, in force from the start of 2016, was in line with European Union rules. The EC launched the second procedure because it deemed the tax systemʼs preferential treatment of local products is in violation of EU directives.
In 2015, Hungary introduced a health tax of HUF 20-900 per liter on spirits, dependent on alcohol content. Pálinka and spirits containing at least seven kinds of medicinal herbs are exempt from the tax.
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.