Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 7/13/2012

Hungary - Proposed changes to indirect taxes, increase excise rates 

July 13:  A proposal submitted 10 July 2012 to Parliament by Hungary’s Minister of Economy would, if enacted, make the following indirect tax changes:
  • Increase the rate of excise tax on LPG
  • Increase the rate of excise tax on alcoholic beverages and on tobacco products
  • Provide that the “public health tax” applies to energy drinks
  • Assign a 5% rate of value added tax (VAT) to certain medical devices

Read a July 2012 report [PDF 35 KB] prepared by the KPMG member firm in Hungary: Indirect tax changes proposed in Hungary




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