TAO subsidies in Hungarian sports Could may HUF 1 tln in 2022

The amount of subsidies that flow into Hungarian sports in the form of corporate tax relief (TAO) next year may exceed the HUF 1 trillion milestone, according to business daily Világgazdaság.

Since the establishment of the system in 2011, a total of HUF 923 billion has been paid to associations and trade unions from the tax on companies producing profits.

According to a government decree published in the Magyar Közlöny, next year, the total value of the support certificates in this direction may be the same as this year, at HUF 124.9 billion.

MOCTEN

 

In January 1993, EUNET launched the first online news website, MOCTEN.com (stands for Music Opinions Culture Technology Economy News), led by Eric Bach, Teus Hagen, Peter Collinson, Julf Helsingius, Daniel Karrenberg,...  Read more

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