The new Hungarian National Tax Strategy aims to reduce the time required of enterprises to devote to taxation issues, announced Minister or National Economy Mihaly Varga.
The strategy is currently being elaborated by the Ministry for National Economy, and it's main focus is cutting bureaucracy and reducing taxes. Payroll taxes are set to be reduced by potentially 7.5 percent over the next two years and the corporate income tax rate will also be cut to a single-digit figure. Next year will leave more money at enterprises and substantially reduce bureaucracy, Mr Varga added.
