Accounting, Payroll, Tax & Legal since 1989

Tax increases from 1st of August 2013

The transaction tax will increase from 0.2% to 0.3%, but the maximum transaction tax amount will remain 6.000 HUF per transaction. The transaction duty on cash payments will be raised to 0.6% from 0.3% and the cap will be abolished.

The telecommunications tax will increase from 2 HUF/minute to 3 HUF/minute that the telecommunication companies have to pay and for companies the highest limit will increase from 2.500 HUF to 5.000 HUF.

The mining tax will rise to 16% from 12%.

As regards to the interest incomes, earlier only 16% personal income tax had to be paid, but from the near future also a 6% health contribution will be payable, so the total taxation on interest revenues will be 16% + 6% = 22%.

An advertisement tax will most likely be approved in the coming weeks. This will affect large advertising companies with revenue more than 1 billion HUF.


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