Economics

The Finance Ministry is planning to implement further changes to the taxation system, restructure state financial institutions and reform other finance-related areas of state administration by 2006, according to a draft that is not yet public. These include the introduction of lower rates or wider brackets for lower-income individual taxpayers, the extension of eligibility criteria for the simplified entrepreneurial tax (EVA) to include businesses with higher operating costs. The ministry is proposing to merge the Customs and Excise Office (VPOP) and the State Tax Office (APEH). Having fulfilled its mission, the State Privatization and Holding Rt (ÁPV) would also be wound up; its proposed legal successor, the Hungarian State Treasury, would also incorporate the currently independent Treasury Asset Directorate (KVI). (Vg 1) P.P.

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