- 11 Jul 2016 9:00 AM
The goal at a later stage is to reduce taxes on the sector as well as provide targeted subsidies for tourism development, the agency told the paper.
The government is considering eliminating the tax on corporate entertainment, a goal that supports businesses in the tourism sector, the agency told the paper.
Since 2012, spending on corporate entertainment has been taxed at rate of 51% in Hungary, sharply reducing the number of business events at catering establishments, the paper noted.
Republished with permission of Hungary Matters, MTI’s daily newsletter.