The number of voters (kata) of the taxpayer's taxpayer has exceeded three hundred thousand, which means that almost every third company chooses this method of taxation – informed Mihály Varga, Finance Minister MTI, on Sunday.
According to Mihaly Varga, accession dates show that smaller businesses are willing to pay simple and small taxes. According to the head of the department, kata's popularity is understandable because it is the simplest and most cost-effective form of taxation for Hungarian taxation.
In principle, they will have to pay fifty forints each month to the state fund and, by paying an amount, they will get rid of corporate and personal income tax, as well as contributions and social contributions.
The system of rules does not impose a burdensome management on the economic operators involved, who can easily and without too much financial charges pay tax liabilities. It is also important, the Finance Minister said, that at the end of 2016 Parliament raised doubts about the rate of income tax on kata so that companies could opt for this tax method that earns a million forints per month.
Mihály Varga has in the future set small and medium-sized businesses in Hungary with the lighter delivery rules for public services. Among these measures, he highlighted the favorable change in the exemption rule for general taxation. If Parliament adopts the proposal of the Ministry of Finance, next year the maximum VAT for the smallest enterprises will be increased by four million forints to the twelve million forints.
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