Starting from the middle of November 2023, wine products sold by vineyards will be exempt from representation tax in Hungary. The decision is expected to give a boost to the…
Tag: Business Planning
Expected yearly average inflation in Hungary in 2023
Based on data from 2022 and H1 2023, analysts expect yearly inflation in Hungary to be reduced below 10% by December. Even in the worst case scenario, the yearly average…
Mandatory discounts to fight inflation in Hungary
As another measure aiming to reduce inflation, Hungary is now introducing mandatory discounts for retail stores selling food, groceries, and the like. The first discounts under this scheme must start…
Tax benefits in Hungary
While personal income tax in Hungary is 15% for everyone, various tax benefits may be applied to that based on age, marital status, and other circumstances. Get an overview of…
New price control measures introduced in Hungary to ease inflation
At the latest Thursday government press conference, new forms of price control have been announced that intend to ease inflation in Hungary, boost the purchase power of households, and support…
Inflation decreasing, core inflation increasing in Hungary in Q1 2023
March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here.