Hungary Wants Tax Treaty with Switzerland, Germany and Austria

Hungary Wants Tax Treaty with Switzerland, Germany and Austria / Picture: © Vindobona.org

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…