Sponsored
Article Tools

Hungary Wants Tax Treaty with Switzerland, Germany and Austria

Published: January 17, 2013; 21:09 · (Vindobona)

Hungary tries to levy a lump sum tax on deposits of Hungarian nationals in Switzerland, Germany, Austria, the UK and Cyprus.

Hungary Wants Tax Treaty with Switzerland, Germany and Austria / Picture: © Flickr

Until 2012, Hungary has granted an amnesty to tax evaders. The lump-sum tax came at 10%. According to the Hungarian government, the tax intake came at € 660m. Now, the situation will change. In order to improve the fiscal situation, Hungary wants to reach tax treaties with several European countries. The lump-sum tax should be increased to 37%. This tax rate is substantially higher…

This article includes a total of 235 words.

or Log In