The following industries will be influenced by the industrial tax:
- Retail trade
- Telecommunication industry
- Energy provider companies
The tax base is the net revenue.
Tax rates for retailers:
- 500 million HUF
- 30 billion HUF
- 100 billion HUF
Tax rates for telecommunication industry:
- 100 million HUF
- 500 million HUF
- 5 billion HUF
Tax rates for energy provider companies:
- Tax rate: 1,05 %
Tax calculation:
The tax must be paid to the Tax Office. It must be booked as other expenditure.
Tax report:
The tax report must be submitted to the Tax Office 150 days after the end of the business year. From this date the individual can reclaim or pay the difference between the tax advance and the final calculated tax.
The tax advance must be paid in two parts till 20th of the sevens month and 20th of the eleventh month of every business year.
The industrial tax will be introduced in 2010, 2011 and 2012. From 2013 it will be eliminated.
In case of questions or remarks to above stated changes, please contact us on the following phone number and email:
Accace Kft., tel.: + 36 1 802 7690, fax.: +36 1 240 5978, email: [email]hungary@accace.eu[/email]
