Reuters: Hungarian Government To Unveil Fiscal Plans
Hungary's new
government plans a flat rate income tax of 16 percent and a 15 percent
cut in public sector wage costs as it tries to show markets it can cut
its deficit, the Website of leading local newspaper Nepszabadsag, nol.hu
reported on Tuesday.
The government also plans a tenfold increase in the tax bracket for small and medium enterprises paying 10 percent corporate tax to up to 500 million forints of annual revenues, nol.hu said, citing unnamed parliamentary sources, ahead of an official announcement by Prime Minister Viktor Orban at 1100 GMT.
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The government also plans a tenfold increase in the tax bracket for small and medium enterprises paying 10 percent corporate tax to up to 500 million forints of annual revenues, nol.hu said, citing unnamed parliamentary sources, ahead of an official announcement by Prime Minister Viktor Orban at 1100 GMT.
Read the entire article here.
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