Ministry of Finance
News
Borders do not stop tax fraudsters
Ministry of Finance, November 23, 2016 1:13 PM
The Hungarian Government relies on Hungary’s tax authority not only as a body that safeguards fiscal revenues, but also as a supporter of economic policy, and that is why the Hungarian Tax and Customs Administration has been entrusted with new tasks, Minister for National Economy Mihály Varga said at an international tax policy conference today. The high-profile event was also attended by Secretary General Kunio Mikuriya of the World Customs Organization and Executive Secretary Miguel Silva Pinto of the Intra-European Organization of Tax Administrations.
Wages may now rise across the board
Ministry of Finance, November 23, 2016 1:12 PM
The Government is expecting that the increase of the minimum wage and the guaranteed minimum wage of skilled workers will lead to rising wages in other wage categories, Minister of State for the Labour Market and Vocational Education told public news channel M1.
Parliament adopts tax package designed to cut red tape and provide SME incentives
Ministry of Finance, November 22, 2016 3:57 PM
The tax package endorsed today helps cut bureaucracy, bolster enterprise competiveness and combat the black economy, Minister of State for Parliamentary and Taxation Affairs András Tállai said.
General government budget data show the best balance in fifteen years
Ministry of Finance, November 22, 2016 3:09 PM
Data from the first ten months of this year show the best fiscal balance of the past fifteen years, Minister of State for Public Finances Péter Benő Banai told public news channel M1.
Wage growth trend remained in place in Hungary
Ministry of Finance, November 22, 2016 1:58 PM
In the first nine months of 2016, wages in real terms rose by 7.6 percent within the national economy. Thus, an upward wage trend has been in place for 45 months in Hungary. In the private sector – at enterprises with at least five employees – the number of people in employment was up by 64 thousand compared to September 2015.
Agreement reached on minimum wage increase
Ministry of Finance, November 22, 2016 1:49 PM
“We have reached a milestone now, as we have come to an agreement with our partners on raising the minimum wage and the guaranteed minimum wage”, Minister for National Economy Mihály Varga said at a press conference that followed the standing consultation forum of the private sector and the Government.
Fitch affirms Hungary’s rating
Ministry of Finance, November 21, 2016 2:56 PM
Fitch Ratings affirmed that Hungary’s government bonds are recommended for investment, with a stable outlook. Fitch restored Hungary’s investment-grade rating in May.
Wage hike and the reduction of payroll taxes to boost competitiveness
Ministry of Finance, November 21, 2016 1:41 PM
The Government aims to bolster the country’s competitiveness through reducing payroll taxes and hiking wages, Minister for National Economy Mihály Varga told public news channel M1 on Friday evening.
Privatisation in Serbia a great opportunity for Hungarian enterprises
Ministry of Finance, November 21, 2016 10:29 AM
Serbia’s privatisation campaign, under which the Serbian government is offering hundreds of state-owned enterprises, may provide significant opportunities for Hungarian companies, Minister for National Economy Mihály Varga said in the South Serbian city of Nis, following talks with Minister of Economy Goran Knezevic and State Secretary Nenad Mijailovic of the Ministry of Finance.
Reduction of corporate income tax rate to 9 percent expected to leave HUF 145bn at enterprises
Ministry of Finance, November 18, 2016 10:28 AM
At a press conference organized on the sidelines of the Regional Digital Conference in Budapest, Minister for National Economy Mihály Varga announced that Hungary’s current corporate income tax rates of 10 percent and 19 percent are set to be reduced to a flat rate of 9 percent as of next year.