Hungary once again grabbed attention with unorthodox policies – it plans to introduce world’s first internet tax
Hungary once again surprised with unorthodox policies as economy minister Varga announced (already on Wednesday) the main planned changes of Hungarian taxation system in 2015. According to it the extra taxes levied on some sectors will remain in place, while some new elements may be introduced. Interestingly, the government plans to impose the world’s first tax on internet usage. This includes a charge of Ft150 (almost 50 EUR cents) for each gigabyte of internet data consumed, which should be paid by internet service providers. Together, some new revenues coming from levies on funds sales and the new internet tax should bring HUF30bn or 0.1% of GDP fresh budget revenues.
Read the full report: FX Daily