Tax Newsletter 2015/9 - New advertising tax bill

The draft bill amending the Act on Advertising Tax was approved in the form of an exceptional proceeding of the Hungarian Parliament on 27 May 2015. According to the communication of the Ministry of National Economy, the European Union has challenged even the draft amendment presented in early May; therefore, further modifications has been implemented.

The latest modifications of the bill are not significant; i.e. the range of taxpayers will be extended according to the original intentions of the Government.

In our current newsletter we summarize the main elements of the newly accepted bill.

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