Earlier this week the Hungarian government submitted its proposed tax bill for 2015. One of the most interesting changes is the proposed introduction of the “Internet tax” that will be imposed on Internet service providers at a rate of HUF 150 (approx. USD 0.60) for every gigabyte of data or part thereof. By way of example, downloading a movie in HD quality (8.5 GB) would attract a tax charge of approx. USD 5 or the download of a 6GB game would have an additional cost of approx. USD 4 according to the original version of the proposal. You may expect that providers will try to recharge this cost to their customers, which makes surfing even more expensive.Read More »
Tag: Hungary
Jogging in the city
I am travelling a lot. Today in Geneva, tomorrow in London, on Wednesday in Zug. That may sound great but is very tiring. When one is travelling and working, one sees Big Ben, the Parliament and the Castle from the outside, when passing by, but one never has time to sit in a café, to process all the impression, to visit sights. One is driven by obligations and appointments.Read More »
Hungary – new obligations as from 1 of January 2013 with purpose to detect and avoid tax fraud
Based on bill.no T/7028 taxpayers will have to submit a domestic recapitulative statement (comparable to EC Sales and Purchase Lists) together with their VAT returns for all transactions where the VAT amount is equal/greater than HUF 2’000’000 as of 1 of January 2013. This obligation does not apply to reverse-charge transactions.Read More »
Michaela Merz 