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GOVT MULLS FURTHER EASING

The government is considering relaxing restrictions on holding large-scale events from the middle of next month.
 

The August 20 national holiday celebrations may go ahead pending an assessment of the coronavirus situation, the prime minister’s chief of staff, Gergely Gulyás, said. Holding the celebrations would help revive the economy, he said, noting that the catering industry, musicians and event organisers were heavily impacted by the epidemic. He said 120,000-130,000 people lost their jobs during the epidemic, adding that the government aims to create at least as many jobs as were lost. The number of active jobseekers fell last week, he noted, adding that the government was ready to provide employment for jobseekers if necessary.
Meanwhile, in a bid to crack down on tax cheats, the government is changing rules governing the Itemised Tax for Small Businesses (KATA) from next year Gulyás announced. KATA taxpayers who invoice a single company will have to pay a 40% tax on income above 3 million forints. The flat monthly 50,000 forint payment will still apply to those who invoice multiple entities as long as annual income does not exceed 12 million forints.