Upcoming tax changes in 2012 in Hungary
The primary purpose of the changes in taxation as of 2012 is to reduce the administration burdens of entrepreneurs and business organizations, simplify the administration and force back tax fraud and tax evasion. Unfortunately, only few of the original objectives may be realized because – similarly to the previous years – the Hungarian taxation system seems to be even more complicated next year.
With regard to the awkward position of the state budget, almost all taxpayers – both private persons and entrepreneurs – will have to pay higher taxes. The regulations of almost all tax types will change (the rules are going to be more stringent but there are also some favorable tendencies), and – besides the existing ones – new taxes will be entered in the system. The following summary highlights the major changes affecting the taxation next year.
- VAT
- PIT
- Social security
- Company car tax
- Corporation tax
- Accounting Act
- Public Health Tax on product
- Green tax
- Duties
- Changes in Excise duty
- Registration tax
- Taxation Rules Act
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Accace Interbook team
