Hungarian drugmaker Richter is set to hand over 28 billion forints or $74.4 million in extra taxes, thanks to a tax hike intended to balance the Hungarian government’s budget and…
As of January 1, 2023, Singapore officially increased its goods and services tax (GST). While this increase will mostly affect people in Singapore, others around the world may also notice…
The Hungarian government recently announced good news for parents. Various family support schemes have been extended, including the baby-expected loan and personal income tax exemption. Baby-Expecting Loan The baby-expecting loan…
Throughout his campaign and presidency, there was a great deal of controversy about former President Trump’s tax returns. Many people wanted to see them, but they were never released.…
The potential passenger tax on Budapest flights has been in the news for months. From complaints by Ryanair to passengers’ concerns, the tax currently faces plenty of criticism. But there…
The recent Inflation Reduction Act in the United States made news for its tax breaks for electric vehicles (EVs). But those tax breaks were not as universally accepted as many…
Inflation is affecting nearly everyone around the world, including Hungary. But recently released figures from July show that Hungarians are adjusting to inflation. The Figures In July 2022, there was…
It is no secret that energy costs are rising around the world. Hungary is no exception, but the Budapest General Assembly offered a solution in this year’s budget. Specifically, they…
The German Finance Ministry recently revealed a tax cut plan to reduce the financial burden of inflation. The announced plan, however, has not gone without criticism. The Changes Christian…
It is no secret that high-net-worth individuals do what they can to minimize the amount they pay in taxes. But they do not always face the consequences of their actions.…