Hungary’s Act CXXIII of 2013 on the modification of Certain Laws on Public Burdens was announced on 30 June 2013.
According to the amendments mining fee will increase from 1 August and 16% of the charge of the mineral oil and natural gas exploited on hydrocarbon fields with production conducted before 1 January 2008 will be payable to the state as a mining fee.
A further amendment is that a 6% healthcare contribution will be applied based on social security regulations on the interest of income gained by domestic private persons.
Also, the financial transaction tax rate will be increased from 0.2% to 0.3% of the tax base 1 August 2013 and the rate will increase from 0.3% to 0.6% in the case of cash payments from payment accounts.
