Hungary’s banks will pay 55b forint extra tax in three installments this year, based on a 0.19% rate on total assets, Finance Minister Mihaly Varga says in interview.
- Lenders will be able to deduct extra tax from existing bank levy over next 5 years, banks in agreement with government over tax plan
- Sees about half of borrowers using government-initiated moratorium on debt repayments
Hungary Burdens Banks, Political Parties With Virus Costs (1)
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