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.

Recent Posts

January 31, 2023

TAX FREE PETROL COST REIMBURSEMENT

THE TAX FREE AMOUNT OF COST REIMBURSEMENT WAS DOUBLED FROM JANUARY 2023 Employers can give this benefit to the employees who live in another city…

Continue reading
January 11, 2023

BUSINESS IN HUNGARY

As a booming economy in the middle of Europe, and a member of the European Union, Hungary offers great opportunities for foreign companies to invest…

Continue reading
January 3, 2023

MINIMUM WAGES IN HUNGARY IN 2023

The usual raise of minimum wages arrived in January. There was a dynamic raise of both minimum wages and the general wage level in Hungary…

Continue reading