Tag Archives: Hungarian taxes

ILN Today Post

Still too many

In our traditional beginning-of-year review, we again counted the number of taxes levied in Hungary today. This time we got 59. Although the number of taxes has decreased by one since last year, the scale and structure of the tax system has not changed. In terms of tax revenue generated, VAT continues to top the list, bringing in approximately HUF 3,300 billion in 2016.

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ILN Today Post

More than a lot

According to our calculations there are presently 60 taxes in force in Hungary. Value added tax accounts for 25% of central tax revenues whereas the personal income tax accounts for 13%. However, most taxes account for less than 1% of these tax revenues. The figure of 60 different taxes seems slightly excessive also in an international context.

How do others do it?

There is a lot of criticism aimed at the fragmented nature of the Hungarian tax system. We did some counting and there are currently 60 different kinds of taxes in Hungary. At first sight this seems to be too much. However, is it too much also compared to other countries?

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