Tax authorities will exempt more than 81,480 small businesses from paying flat tax on KATA up until June 30th, due to the coronary epidemic. It was announced by PM Orbán on 23rd March 2020.
The Prime Minister listed businesses that will be exempt from tax:
- Hairdressing Salons
- Cosmetic Salons
- Painters, Builders, Electricians, Cladding Specialist
- Other human health activities
- Performing arts
- Water, gas and heating installation
- Exercise and other sports trainers
- Care for the elderly and disabled.
The Prime Minister also said that the debts owed before 1st March 2020 could be paid later, – in the first quarter after the end of the emergency.
On Monday, 23rd March, the government added further steps to the first economic action plan due to the epidemic. In addition to KATA businesses tax relief, they will suspend evictions and collection of tax debts, extend childcare and child care benefits, and local media businesses will also get relief to cover their advertising losses according to the new six-point action plan.
Photo credit: Facebook/ Orbán Viktor