The special tax could overwhelm stores, with $ 160 billion to be paid this year
The extra-profit tax became an additional tax, as the retail tax for all shopkeepers jumps above HUF 500 million. According to our conservative estimate, the nearly 80 billion retail taxes in 2021 will be doubled in 2022 with the additional tax, writes an article in the Blokkk.hu professional portal. They could collect 190 billion from the sector in 2023. The government published its decree on special taxes and tax increases in the Hungarian Gazette on Saturday evening.
Related news
Advertising tax may be postponed again
According to a recent announcement by the Hungarian Advertising Association,…
Read more >Tesco and Lidl were also squeezed by the special tax
Tesco and Lidl both faced significant challenges due to the…
Read more >NAV collected more taxes than expected in 2022
The National Tax and Customs Administration has published its yearbook…
Read more >Related news
Upcoming changes in the Hungarian Food Book
Trade magazin has asked deputy state secretary Dr Beáta Olga…
Read more >Tesco: dedicated menopause section in the UK
In the United Kingdom Tesco is testing a menopause section:…
Read more >What will you be eating tomorrow?
Plant-Powered Perspectives is a business conference, which took place for…
Read more >