TITLE

Tax on reclassified general risk reserves could raise HUF 13 bln next year

PUB. DATE
October 2013
SOURCE
Hungary A.M.;10/28/2013, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers information on a tax bill in Hungary requiring banks in the country to pay a one-off 19 percent "contribution" on general risk reserves that are transferred to profit reserves which could raise 13 billion Hungarian forint in 2014, according to the National Bank of Hungary.
ACCESSION #
91690898

 

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