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Spar Challenges Hungarian Government Tax Move

Mar 11, 2024

The supermarket chain Spar is to complain to the European Union about a special tax in Hungary, a Financial Times (FT) report is quoted by the Hungarian financial portal Spar has accused the Hungarian government of breaking EU law and called on Brussels to intervene to mitigate the "devastating" effects on its operations. The […]

HUF 28 Bn Special Tax by Gedeon Richter in 2022

Dec 27, 2022

The Hungarian pharmaceutical giant Gedeon Richter Plc. has published an extraordinary announcement on the website of the Budapest Stock Exchange that under a new government decree on the extra profit taxes, the magnitude of supplementary pharmaceutical tax payable by the company for the year 2022 is expected to be approximately HUF 28 billion. “On June […]

New Special Taxes Levied on Pharma, Insurance Sectors

Dec 24, 2022

On the night of December 23, the Hungarian Gazette was published, full of new laws and regulations. One of them is a government decree amending the extra profit tax decree to impose a special tax on pharmaceutical manufacturers in proportion to their turnover. Another regulation increases the tax on insurance companies. The latest extra tax […]

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