Incentive Extension Secures Hungary’s Place as a Hub for Global Film Production Hollywood actor Brad Pitt before filming at the Hungarian Formula 1 Grand Prix at the Hungaroring in July 2024. Government... 2024.10.30.
Fuel Prices Set to Rise under EU Efficiency Mandate The tax paid by fuel retailers will increase significantly from next year when the amendment to the Energy Efficiency Obligation... 2024.10.29.
16-point Deregulation Package Announced to Boost Tourism Minister for National Economy Márton Nagy held a press conference in Budapest to present a a 14-plus-2 tourism deregulation package,... 2024.10.15.
Net Wage Boom Expected in 2025 Wage outflows in the Hungarian economy may remain strong, with the expected increase in the minimum wage firmly supporting double-digit... 2024.09.10.
Ukrainian Honey Could Once Again Be Subject to Customs Duties The volume of Ukrainian honey imports has exceeded the EU quota of more than 44,000 tons, therefore the European Commission... 2024.08.12.
Budget Closes with a Surplus in May The Hungarian economy has rebounded, and the budget is safeguarding pensions, family allowances, and maintaining cuts by rationing utilities. This... 2024.06.10.
Petrol Prices Fall from Wednesday, but Still Not a Real Breakthrough It has been announced how fuel prices will change in Hungary from mid-week. The double trend on the Hungarian fuel... 2024.03.12.
VAT Returns Can Now be Prepared and Submitted Online The National Tax and Customs Administration of Hungary (NAV) has launched the electronic VAT system (eÁFA) on the first day... 2024.01.02.
Bulgaria Withdraws Gas Transit Fee, Sets its Sight on Schengen Access Bulgaria announced on Monday that it would abandon its controversial tax on Russian transit gas because it wants to improve... 2023.12.12.
Online Invoicing System Aligns with the Objective of Whitening the Economy One and a half million people have already registered for the NAV's (National Tax and Customs Administration) online invoicing system,... 2023.12.11.
Watch Out! The Tax Authority Can Access Your Foreign Employment Records National tax authorities share their data with each other globally, and the Hungarian National Tax and Customs Administration (NAV) also... 2023.06.23.
Cigarettes Will Become Significantly More Expensive from January Finance Minister Mihály Varga presented next year's tax plans on Tuesday, revealing that excise duties on tobacco and alcohol products... 2023.06.07.
Budapest District Would Charge Airport Tourists a Passenger Tax Although the Curia annulled the air passenger tax with retroactive effect and deemed it unlawful, the inventor of the HUF... 2023.04.11.
Brussels to Raise Excise Duty on Fuel Brussels wants to raise the excise duty on fuel by 32.5 forints (EUR 0,077), therefore Hungary is asking the EU... 2022.12.12.
National Review: Hungary Being Bullied by EU and US to Raise Corporate Taxes Several media outlets have reported in the past few weeks how the European Union is trying to find a way... 2022.09.22.
After Budapest, London May also Opt Out of Global Minimum Tax Hungary has said "no" to the global minimum tax, which led the US to break its double tax treaty with... 2022.08.22.
After Initial Tightening of Tax-Rules, Finance Ministry to Support Enterprises It would be particularly worthwhile for performers to opt for the EKHO type contributions from September 1st, the Finance Ministry... 2022.08.10.
Mol Group Closed the Second Quarter With an Outstanding Result In the second quarter of 2022, Mol Group achieved a "pure" EBITDA (earnings before interest, tax, depreciation and amortisation) estimated... 2022.08.05.
Online Tax Returns Increasingly Popular; HUF 50 Billion to be Distributed to Charities Christian communities are some of the greatest beneficiaries of the Hungarian tax-return policy. Online tax returns have become the most... 2022.06.21.
Ryanair Acts Unfairly with Business Partners, Transport Service CEO Says "In addition to the special tax, further measures are needed in aviation, a market in which ground transportation companies are... 2022.06.17.
Official: Minimum Wage Deal Ready to Be Signed Representatives of the government, employers, and employees are ready to sign an agreement on next year's minimum wage rises, Sándor... 2021.11.09.
