Finance Minister: Brussels ‘Could Not Thwart’ Hungarian Economy Brussels "could not thwart the Hungarian economy even if it wanted to", Finance Minister Mihály Varga said in an interview... 2021.07.12.
Finance Minister: EU Acknowledges Hungary Recovery The European Union acknowledges that Hungary is on the path to economic recovery from the coronavirus crisis, Finance Minister Mihály... 2021.06.19.
State Secretary: Govt Cutting Tax Bills by Huf 1,000 Bn in Response to Pandemic As well as extending subsidies, introducing a credit moratorium, and phasing in the 13-month pension, the government has cut taxes... 2021.06.07.
LMP Calls for Reducing VAT on Basic Foods to 5% The opposition LMP has re-submitted an amendment proposal to the budget bill to reduce VAT on basic food products to... 2021.05.31.
Home Building Permit Issues Plunge in Capital, Jump Elsewhere The number of home building permits issued in Budapest plunged in the first quarter while jumping in the rest of... 2021.05.05.
Restaurants, Gyms Exempted from Rent Payments until May 31 The government has decided to grant exemption to restaurants, cafes and gyms from paying rent on state or municipally owned... 2021.02.05.
Deputy Mayor: Positive Covid Tests in Budapest Below National Average Out of the 21,000 PCR tests carried out in the capital since September 816 were positive, Ambrus Kiss, a deputy... 2021.01.22.
Orbán: Home Construction VAT to Revert to 5 pc The VAT rate on home building carried out before December 31, 2022 will revert to 5 percent, Prime Minister Viktor... 2020.10.08.
LMP Again Calls for VAT Cut for Basic Produce The opposition LMP on Wednesday called on the government to cut VAT on basic food produce to 5 percent. Antal... 2020.09.02.
LMP to Submit Amendment Proposal on VAT Cuts on Basic Foodstuffs Opposition LMP will submit an amendment proposal to parliament that would require a 5 percent VAT rate on basic foodstuffs... 2020.08.22.
Deputy Finance Min: Hungary Has Regained Financial Sovereignty Hungary has regained its financial sovereignty over the past ten years thanks in large part to the elimination of the... 2020.08.22.
Finance Minister: Rebooting Economy Requires Cutting Red Tape Cutting red tape related to jobs administration will accompany measures to reduce the tax burden when it comes to rebooting... 2020.07.03.
All Companies Accounts Can Be Seen by Tax Office From Now On The government has expanded its online tax accounting system, heralding a new era in tax returns and efforts to whiten... 2020.07.01.
LMP Proposes Reducing VAT on Basic Foodstuffs The opposition LMP is proposing the reduction of VAT to 5 percent on basic foodstuffs, such as fruit, vegetables, dairy... 2020.06.07.
High Budget Deficit in March due to Coronavirus Measures Hungary's cash flow-based budget deficit, excluding local councils, reached 831.9 billion forints (EUR 2.3bn) at the end of March, swelling... 2020.04.08.
Coronavirus: Hungary Applies for EU VAT Exemption for Masks, Respirators The Hungarian government has appealed to the European Commission to grant VAT exemption for imports of face masks, respirators and... 2020.03.26.
Coronavirus: DK Proposes Measures for Handling Economic Fallout The opposition Democratic Coalition (DK) has prepared a package of proposals for measures to help companies and individuals financially affected... 2020.03.17.
Finance Minister: New Economic Measures to Come into Effect This Year New measures as part of the action plan to protect the economy, alongside targeted tax cuts, will come into effect... 2020.01.02.
Finance Ministry: Full-year Deficit Target ‘Achievable’ The Finance Ministry said the full-year deficit target of 1.8 percent of GDP, calculated according to the EU's accrual-based accounting... 2019.12.20.
NAV Uncovers Mobile Phones Crime Ring Charged with HUF 4 Billion VAT Fraud Investigators of the Hungarian tax authority (NAV) have busted a crime ring charged with defrauding the state of nearly four... 2019.10.18.
Govt: New Tax System Brings More Revenues The Hungarian government's tax cuts are working, finance ministry state secretary András Tállai told the Saturday edition of daily Magyar... 2019.08.05.
