The special retail tax is coming again
The special retail tax will be reintroduced in Hungary, which will be used in the fund set up to control the epidemic. Multinational retail chains will pay 36 billion HUF annually on this item. The tax will take effect from 15 April or from 1 May.
Dr. Laczka Sándor and Dr. Aracsi Bernadett
Old-new tax
Due to the coronavirus pandemic, the government is creating two types of funds: the fund for protection against the epidemic and the economic restart fund, with a total expenditure of about 2,000 billion HUF. The traders’ tax will be used for the former, to control the epidemic.
Related news
GKI analysis: margin cap – a lifeline for customers, a shackle for the market
Based on the announcement of Minister Márton Nagy, in March…
Read more >Margin freeze in Hungary: Who is affected and is government intervention really justified?
The Hungarian government will introduce a margin restriction on certain…
Read more >January was surprisingly good for retail
Compared to the weak end of the year, retail sales…
Read more >
More related news >
Related news
Róbert Zsigó: the price of basic foodstuffs is noticeably decreasing as a result of the margin freeze
The introduction of the margin cap has noticeably reduced the…
Read more >Easter campaign to promote lamb meat has begun
The Easter campaign to promote lamb has begun, which could…
Read more >Stability, trust, cooperation – retail players send message to the government
Margin restrictions may jeopardize the stability of supplier relationships in…
Read more >