Hungarian Government Raises VAT to 27%
December 9th, 2011

The Hungarian government as part of its plan to increase revenues to the exchequer has raised VAT by 2% in the new tax year. Which means that from January VAT on most goods and services rises from 25% to 27%.

Tower's recurring fees will not alter however the increased VAT will be reflected in the final price of all services.

The recent reduction of income tax to 16% of the profit still remains, with corporate tax still standing at 10% of the profit.

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