WIKIFX REPORT: Hungary to allow companies to pay corporate taxes in euros or dollars

Remember that, regarding gas issues Hungary has discounted the price of gasoline at the pump. But not if you have a foreign license plate. Its also taxing what it calls “extra profits” of industries including airlines, with carriers like Ryanair and EasyJet increasing ticket prices to cope.

Before, The Hungarian forint‘s slide following Russia’s invasion of Ukraine is leading some Hungarians to embrace the euro instead of the local currency, which has lost more than half of its value since Prime Minister Viktor Orban took power in 2010. The recent reports shows that, Now Hungary will allow companies to pay their corporate taxes in euros or U.S. dollars along with paying in forints, finance minister Mihaly Varga said in a Facebook post on Saturday.

More details maybe available later.