NAV: gifts are tax-free at festivals
Gifts given at festivals are tax-free, up to 10 percent of the total costs – was published by the National Tax and Customs Office (NAV) on its website.
The Tax Administration (NAV) explains that the summer festivals and village days are priority events. At these events there are usually no entry fee, the general public may attend them free of charge. In many cases, the organizers provide free food and drinks for the visitors and contributors. (MTI)
Related news
The inspectors destroyed hundreds of propagating materials for fruit planting in the Ónod market
The inspection of the sale of spring grape and fruit…
Read more >This type of store is becoming more and more popular in Hungary
“American stores” are spreading rapidly in Hungary, where you can…
Read more >NAV found more than HUF 30 million worth of fake perfume in the capital
The financial inspectors found more than HUF 30 million worth…
Read more >Related news
Hungary has plenty of work to do in the regional “long-distance running”
Based on the ten- and twenty-year trends – one of…
Read more >Consumers hate “dynamic pricing”.
In the past period, customers had to familiarize themselves with…
Read more >NGM State Secretary: the ESG Act strengthens the competitiveness of Hungarian businesses
The aim of the law defining the framework for responsible…
Read more >