Hungary rises to 4th in EU VAT compliance ranking, achieving major tax gap reduction
Hungary has moved up to 4th place in the European Commission's VAT compliance gap ranking, Finance Minister Mihály Varga said.
#finance #vat #europeanunion
Tag tax/VAT
Tax benefits change, 3rd-country guest workers will earn less in 2025 in Hungary!
Ukrainian and Serbian guest workers in Hungary should not be worried about the changes. Here is what will happen to other 3rd-country guest workers.
#guestworker #familyallowance #family #taxbenefits #taxinhungary #hungarytax #hungariangovernment #money
Hungarian finance minister: AI opens new era in taxation
Artificial intelligence will usher in a new era in taxation, Finance Minister Mihály Varga said at the Tax Administration European Union Summit (TADEUS) in Budapest on Thursday.
#taxation #EU #EC #finance
Many tax benefits will no longer apply to third-country nationals in Hungary from 2025
Hungary's tax laws offer various tax benefits to eligible residents, with significant updates recently affecting third-country nationals.
#guestworkers #tax #taxbenefits
Hungarian finance minister: Budapest Declaration reaffirms importance of competitiveness
With the approval of the Budapest Declaration on the New European Competitiveness Deal in November, the Hungarian presidency of the Council of the European Union affirmed the importance of competitiveness, Finance Minister Mihály Varga said.
#Hungarianpresidency #EU #VAT #budget
Hungarian MPs decide on important tax laws
The amount of family allowance has not changed significantly for a decade and a half, but now...
The big showdown: Is life better in Romania than Hungary?
An insightful comparison between Romania and Hungary reveals slight contrasts in quality of life.
#Romania #VAT #salary #retirement #airquality #family #unemployment #publicsafety
Finance Minister Varga flags continued tax relief
Finance Minister Mihály Varga said tax relief was set to continue next year at a conference organised by the National Tax and Customs Authority (NAV) on Tuesday.
#tax #government #financeminister
Capping service fees: A new era for Hungary’s catering industry
The Hungarian Tourism Agency said government proposals on service fees and tips would strengthen the competitiveness of the catering sector in a statement issued on Tuesday.
#tax #tipping #servicefees #restaurant #catering
Orbán cabinet: Improving competitiveness cornerstone of Hungary’s EU presidency
The Hungarian presidency of the Council of the European Union will continue to make every effort to improve competitiveness, in addition to the results achieved so far with regard to that priority, Finance Minister Mihály Varga said.
#EUpresidency #ministryoffinance #EU #competitiveness
Hungarian government to cap catering service fees
The National Economy Ministry said it planned to cap catering service fees and ensure that waitstaff get their tips, tax-free, regardless if paid in cash or by card.
#hungariangovernment #tax #tips #money #restaurant #bar
Hungary’s 2025 budget to focus on housing support, family subsidies, and tax cuts, says minister🔄
Among others, the government will raise the amount of housing support, with tax preferences, that employers may offer their workers.
#housing #tax #budget #Parliament #government
How PM Orbán’s tax treaty plans could benefit Hungarian expats in the U.S.
🇭🇺🇺🇸 The new tax treaty could thus ease the financial burden for Hungarians living in the United States, which could benefit foreigners with investments and income abroad ⤵️
Food courier crisis in Hungary: Labour shortage and opportunities for foreigners with KATA tax revisions
KATA tax reforms have reshaped Budapest’s food delivery landscape, cutting courier earnings and pushing many to leave or work long, gruelling hours.
#Budapest #fooddelivery #couriers #labour #guestworkers
Varga: Compromise on VAT in the digital age among successes of Hungarian EU presidency
A compromise reached on a package of legislation on VAT in the digital age is one of the “great successes” of Hungary’s presidency of the Council of the European Union, Finance Minister Mihály Varga said ahead of an Ecofin meeting…
How Viktor Orbán’s son-in-law capitalised on tax breaks to dominate Hungary’s rich list!
Hungarian Prime Minister Viktor Orbán's son-in-law has amassed a significant fortune in recent years. What factors have contributed to his remarkable financial success? Check out our article for more details!
Hungarian government prioritises family support, plans major tax relief boost
The government is on the side of families and wants to strengthen them, rather than migration, the minister of culture and innovation said.
#family #tax
Tax changes in 2025 in Hungary: Airbnb tax skyrockets, currency conversion fee remains, plane tickets may be cheaper
On 29 October at night, the government submitted their bill about the 2025 tax changes. In a nutshell, the Orbán administration plans to increase the Airbnb tax in Budapest (and only in Budapest) fivefold. Will that ruin the entire sector in the Hungarian capital? Will the hotel lobby win in Budapest?
#budapest #tax #tax2025 #taxchanges #taxhungary #orbancabinet
Hungary rises in global retirement rankings: Top countries for a happy retirement
In a recent global survey, U.S. News and World Report ranked 89 countries based on where people after retirement can enjoy the most comfortable lifestyles.
#retirement #pension #ranking
Addressing Budapest’s housing crisis: Proposal to restrict home purchases by non-EU nationals
What do you think – what solutions would best help address Hungary’s housing challenges? Let us know your ideas below! 🏘
#housingcrisis #realestate #Budapest #tax #rent