The NGM investigates the possible effects of the VAT reduction
The Ministry of National Economy (NGM) is examining the financial and real economic impact of the reduction of the value added tax (VAT), but the primary goal is to make the personal income tax single-digit – the ministry informed MTI on Wednesday.
Varga Mihály Minister of National Economy (NGM) at a professional event on last Friday said that the government plans to introduce a single-digit personal income tax in the current cycle, while the value added tax (VAT) may also decreased lower from 27 percent.
The Ministry of National Economy (NGM) – in its reply sent to MTI’s question about the matter – told that the minister, at the 16th Financial Summit organized by the Business Leaders Forum “said only assumptions, and made no promises for tax changes.” (MTI)
Related news
Sándor Czomba: expanding employment contributes to increasing competitiveness
The goal of the six-month Hungarian presidency of the Council…
Read more >NGM deputy state secretary: the launch of the Budapest-Brassó flight is an important step for both cities
The launch of the Budapest-Brassó flight is an important step…
Read more >NGM: tourist interest in Hungary has increased spectacularly
The visitor traffic of the Pentecost long weekend also made…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >