Saturday, November 6, 2010

Hungary Enacts a Flat Tax

The Budapest Times issue of October 27, 2010, reported that Hungary’s Parliament approved the government’s proposal for a flat tax. Beginning January 1, 2011, personal income tax will be set at a flat rate of 16%. The 16% flat rate replaces the current two bracket system of 17% and 32%.

1 comment:

Robert Birch said...

Shamless spam...sorry Alvin. Support the arts and tax reform...donate today!