BUDAPEST (Reuters) -Hungary will launch a package of tax cuts worth 80 billion to 90 billion forints ($241.85 million to $272.08 million) for small businesses to be financed with a tax rise on banks
Hungary Unveils Tax Cut Package Worth Up to $272 Million for SMEs
Overview of Hungary's Tax Cut Initiatives
BUDAPEST (Reuters) -Hungary will launch a package of tax cuts worth 80 billion to 90 billion forints ($241.85 million to $272.08 million) for small businesses to be financed with a tax rise on banks next year, Prime Minister Viktor Orban said on Monday.
Details of the Tax Cut Package
Orban said the measures would include postponing an excise tax hike on fuel by six months at a cost of 20 billion forints, providing tax benefits to energy companies to modernise infrastucture and cutting taxes for small businesses.
Impact on Small Businesses
($1 = 330.78 forints)
Funding Through Bank Tax Increases
(Reporting by Gergely Szakacs and Anita Komuves)
