The government introduces new taxes

26 April 2012

The Hungarian government has published Széll Kálmán Plan 2.0, a package of mainly economic reforms. The document will be sent to Brussels in an effort to convince the European Commission to not freeze Hungary’s Cohesion Fund supports. The plan consists of the introduction of five new taxes: a financial transaction tax, a telecommunications services tax, an extension of the income tax levied on energy producers, reverse charge value added tax in agriculture and a unified tax on insurance companies. It claims the plan will produce HUF 15 bn for the state in 2013.

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