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Hungary to Delay Excise Tax Hike to After Elections, Index Says

Summary by bloombergtax.com
Hungary plans to postpone planned excise tax increases by six months to July 2026 to protect jobs and industries, Economy Minister Marton Nagy told news site Index.

7 Articles

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The Minister of National Economy told Index that the government would change the current schedule, at least when it comes to gasoline and diesel.

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Speaking to <a href="https://index.hu/gazdasag/2025/09/05/nagy-marton-magyar-peter-kormany-ellenzek-inflacio-ngm-bejelentes-valasztas/" target="_blank" rel="noopener">Index</a> at the 63rd Economists' Traveling Assembly, Minister of National Economy Márton Nagy said that the government would postpone the excise tax increase by six months.

The Minister of National Economy also spoke to Index about wage increases, credit ratings, and the spending of pensioner vouchers. At the 63rd Economists' Traveling Meeting, Minister of National Economy Márton Nagy ... ...

Minister of National Economy Márton Nagy announced that the government may postpone the excise tax increase planned for January 2026 by six months. The minister detailed the government's economic policy plans at the 63rd Economists' Traveling Assembly and in the subsequent interview, Index wrote.

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The government's big invention this year was the inflation-tracking tax increase, Márton Nagy told Index that they would rather postpone it, officially as part of the industrial and occupational safety action plan. It is not clear whether the measure also applies to alcohol and tobacco products.

·Hungary
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Index broke the news in Budapest, Hungary on Friday, September 5, 2025.
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