05-12-2021, 01:31 AM
Hungarian government reduces tax on crypto profits from 30.5% to 15%. Hope other gov
<!-- SC_OFF --><div class="md"><p>Some of the highlights:</p> <ol> <li>reduce the tax burden on wages: from July 2022, <strong>the social contribution tax rate will be reduced to 15%,</strong> and the vocational training contribution will be included in the tax while maintaining the benefits - the tax rate on labor will be reduced by 2 percentage points and the tax system will be further simplified, <strong>HUF 250 billion</strong> per year leaving to businesses,</li> <li>easier and cheaper will be <strong>the flat tax, the future annual minimum wage ten times, in case of retail activity in the ötvenszereséig will be optional</strong>, thus taxpayer entrepreneur does not have to pay personal income tax on the annual minimum wage felééig, and live in the family tax benefit possibility - the measure <strong>of 70 thousand entrepreneurs</strong> represent ease,</li> <li>as a third step, they will help market players actively involved in relaunching the economy: <strong>from next year, venture capital fund managers and stock exchanges will not have to pay a special tax</strong>,</li> <li>it helps to maintain the overhead reduction so that <strong>energy suppliers can deduct their losses from</strong> their pre-tax profit for <strong>the next five tax</strong> years,</li> <li>last but not least, the government is taking a significant step towards bleaching <strong>revenues from cryptocurrencies</strong>: <strong>the current tax burden of 30.5% could be reduced to 15%</strong> - this could bring billions of forints to the budget.</li> </ol> <p>Article link: <a href="https://www.portfolio.hu/gazdasag/20210511/adocsokkenteseket-jelentett-be-a-kormany-ket-szektor-kulonadoja-is-megszunik-482672#">https://www.portfolio.hu/gazdasag/20210511/adocsokkenteseket-jelentett-be-a-kormany-ket-szektor-kulonadoja-is-megszunik-482672#</a></p> <p>The article is in Hungarian.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ra_se_l"> /u/ra_se_l </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/na1q4v/hungarian_government_reduces_tax_on_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/na1q4v/hungarian_government_reduces_tax_on_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Some of the highlights:</p> <ol> <li>reduce the tax burden on wages: from July 2022, <strong>the social contribution tax rate will be reduced to 15%,</strong> and the vocational training contribution will be included in the tax while maintaining the benefits - the tax rate on labor will be reduced by 2 percentage points and the tax system will be further simplified, <strong>HUF 250 billion</strong> per year leaving to businesses,</li> <li>easier and cheaper will be <strong>the flat tax, the future annual minimum wage ten times, in case of retail activity in the ötvenszereséig will be optional</strong>, thus taxpayer entrepreneur does not have to pay personal income tax on the annual minimum wage felééig, and live in the family tax benefit possibility - the measure <strong>of 70 thousand entrepreneurs</strong> represent ease,</li> <li>as a third step, they will help market players actively involved in relaunching the economy: <strong>from next year, venture capital fund managers and stock exchanges will not have to pay a special tax</strong>,</li> <li>it helps to maintain the overhead reduction so that <strong>energy suppliers can deduct their losses from</strong> their pre-tax profit for <strong>the next five tax</strong> years,</li> <li>last but not least, the government is taking a significant step towards bleaching <strong>revenues from cryptocurrencies</strong>: <strong>the current tax burden of 30.5% could be reduced to 15%</strong> - this could bring billions of forints to the budget.</li> </ol> <p>Article link: <a href="https://www.portfolio.hu/gazdasag/20210511/adocsokkenteseket-jelentett-be-a-kormany-ket-szektor-kulonadoja-is-megszunik-482672#">https://www.portfolio.hu/gazdasag/20210511/adocsokkenteseket-jelentett-be-a-kormany-ket-szektor-kulonadoja-is-megszunik-482672#</a></p> <p>The article is in Hungarian.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ra_se_l"> /u/ra_se_l </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/na1q4v/hungarian_government_reduces_tax_on_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/na1q4v/hungarian_government_reduces_tax_on_crypto/">[comments]</a></span>Kind Regards R