Monday

21st Nov 2016

Ticker

Hungary to cut corporate tax rate to lowest in EU

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Hungary will cut its corporate income tax to the lowest in the European Union, using a single rate of 9 percent next year, according to a government statement. The move will push the tax rate below Cyprus's and Ireland's 12.5 percent. Prime minister Viktor Orban says the new rate is part of the government's efforts to boost competitiveness.

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