PM Magyar Announces Wealth and Small-Business Tax Details
16 Articles
16 Articles
Prime Minister Péter Magyar announced significant changes regarding the Kata taxation on his Facebook page.
Assets over 100 billion will be taxed at a rate of 1.5%, but there will be items that can be written off from the tax and tax base. The very preferential tax exemption for professional athletes will be abolished, and from now on the qualifying income limit will be 60 million per year instead of 500 million per year.
Prime Minister Péter Magyar made important announcements. In his video statement, he also touched on wealth tax, changes to KATA taxation, and the abolition of tax relief for athletes.
The Hungarian government has decided to abolish wealth tax, kata, and tax relief for professional footballers and other athletes, Prime Minister Péter Magyar announced in a Facebook video on Tuesday.
Prime Minister Péter Magyar released new details of the government's most important tax plans in a recent video.
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