Newsletter 2014/17- Tax bill for 2015
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Newsletter 2014/17- Tax bill for 2015
On 18 November 2014, the Hungarian Parliament accepted the tax package proposed by the government for 2015. In comparision to our latest newletter regarding the original proposal, some parts of the tax package have been supplemented or amended; however, it still contains certain controversial points.
Newly, a progressive taxation has been introduced to fringe benefits; thus, the increase of the tax burden will be smaller than proposed originally. The highest rate of advertising tax will raise, on the other hand, the related administrative obligations are decreasing. The internet tax has been cancelled, but the drastic increase of the food chain supervisory fee has been accepted.
We summarize the most important points of the 2015 tax law changes below.
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