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Hungary to hike telecom tax

2013-06-18 08:49:00| Telecompaper Headlines

(Telecompaper) Hungary's government will increase the telecommunication tax as part of a budget-tightening plan aimed at avoiding penalties from the EU, writes local publication Portfolio.hu. EU finance ministers are likely to endorse the European Commission's recommendation to not open an excessive deficit procedure against Hungary. The EC made this recommendation at the end of May, while announcing the reopening of the EDP for Malta. Other measures announced by Hungary's government include the doubling of the financial transaction tax and the increase of the mining fee. Introduced in Hungary for fixed and mobile voice and mobile SMS/MMS services from 1 July 2012, the telecom tax will be increased to HUF 3 per minute and per SMS/MMS, and the cap for businesses will be doubled to HUF 5,000.

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