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Government official: Brussels decided excise tax of fuels must be raised in Hungary
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Whereas Hungary’s tax regulations for 2024 are family-friendly and are aimed at simplicity and whitening the economy, the EU is insisting on higher excise tax on fuels and the introduction of an environmental product fee, a finance ministry official said on Tuesday.
Hungary will maintain “one of Europe’s lowest corporate and personal income tax rates, family tax benefits, tax exemption for people with four children, mothers under 30 and all people younger than 25,” András Tállai, state secretary at the finance ministry, said in a statement.
Also, the low VAT rate for basic foodstuffs will also be maintained, he said, adding that family support would exceed a combined HUF 3,300 billion (EUR 8.8 billion) next year.
Concerning fuels, Tállai said: “Brussels has decided that the excise tax of petrol and diesel must be raised in Hungary … For environmental reasons, they will make fuels expensive so that people consume less,” he said. Tállai noted that the government had been granted an exemption to raise its taxes to EU levels this year, “but we must meet the EU directives next year.”
How can this be right: that a supranational (as well as hopelessly corrupt and undemocratic) institution dictates to a sovereign country how much to tax its citizens!?! This is total LUNACY!!!
@michaelsteiner – we gave up a significant chunk of sovereignty when we chose to join the European Union… That!s how international agreements and treaties work. We also decided to accept the Global Minimum Tax. Wise decision.