Articles by #hashtag


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OECD Calls for a New Global Tax System

Jul 22, 2020

The OECD has set itself the goal of taking further steps to bring about a fair and equitable transformation of the global tax system within the framework of its new program, often referred to as BEPS 2.0, by developing two new tax concepts, referred to as pillars. "The first pillar of the program would allow […]


Hungary says no to OECD recommendation

Jan 19, 2016

The Hungarian government has no plans to modify its tax regime as the the government claims the current system is much better than those recommended for Hungary by the IMF, the OECD or other international organisations, reports.

| Dávid Harangozó

Hungary among most heavily taxed OECD members

Dec 4, 2015

According to the latest taxation survey by OECD, the organization comprising the most most developed countries of the world, people in Hungary pay 38.5% of the GDP as tax burden, above the OECD average of 34%. Consumption tax is the highest.


Tax authority merged into economic ministry

Dec 1, 2015

Hungary’s parliament on Tuesday voted to abolish NAV, the tax and customs authority, as an independent body and fold it into a state secretariat operating as part of the economy ministry. The related motion was approved with 119 votes against 62.

| Sanjagrujic/Shutterstock

Bank complaint on government taxing free service

Nov 14, 2013

The Hungarian Banking Association considers free cash withdrawals just passed by lawmakers unfair and also detrimental on a social level. The new law requires banks to offer ATM withdrawals for free, yet pay tax on the transactions.

Economy Minister Mihály Varga announcing new tax hikes | Imre Földi / MTI

New tax hikes from the Hungarian government

Jun 17, 2013

The Hungarian government has announced additional fiscal adjustment measures to avoid the reopening of the excessive deficit procedure (EDP) against the country once EU finance ministers agree to abrogate the EDP for Hungary.

Economy Minister Mihály Varga announcing new restrictions | Lajos Soós/MTI

New fiscal adjustment package in Hungary

May 11, 2013

The Hungarian Minister of National Economy Mihály Varga announced that in order to ensure that the European Commission’s excessive deficit procedure against the country is lifted, the government will freeze HUF 92.9 billion in the 2013 budget.


Hungary to introduce 'weather tax'

Mar 5, 2013

The Hungarian government is planning to impose a new tax, according to a bill on meteorology. The ‘service fee’ would be 0.5% of the annual advertising revenues of any media - irrespective of whether they broadcast weather forecasts/reports or not!

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