Parliament gives green light to tax package
The Hungarian parliament has given a green light to the 2018 tax package. The VAT on internet services reduces by 13 percentage points to 5 percent – this step will leave HUF 22 billon in the pockets of individuals and enterprises. The VAT on fish will be 5 percent, saving HUF 3.5 billion for consumers and probably popularising fish consumption to a great extent. From July 2017 craft breweries with a production capacity below 200,000 hectolitres will be entitled to a 50-percent excise tax credit. In the future it will be enough for enterprises to register at the National Tax and Customs Administration (NAV) and they don’t need to do the same at the municipality.
Related news
Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >