Hungary's economy minister submits bill on govt economic measures.

By bne IntelliNews December 6, 2011
Hungary's National Economy Minister Gyorgy Matolcsy has tabled for discussion in Parliament a bill that will compile several governments measures into a new base law, which would be amended only with a qualified two-thirds majority, MTI news agency reported. Among the economic measures that will be included in the law is the introduction of a flat rate personal income tax as of January 2013 and a flat-rate corporate tax two years later. Under the law will be guaranteed that pensions will not be lowered in real terms, taxes will not be levied or abolished with retroactive effect and any tax legislation change will come into effect from January 1 of the next calendar year. The periods for discussion of any tax changes, before their implementation will also be stipulated in the law.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss