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As import costs leap, Hungary to allow corporate tax payments in euros or dollars

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Reuters UK

By Anita Komuves BUDAPEST (Reuters) -Hungary will allow companies to pay their taxes in euros or dollars, the government announced on Saturday, a move which analysts said could boost the country’s reserves at a time its hard currency needs have soared. Like other central European countries such as Poland, Czech Republic or Romania, Hungary is nowhere near adopting the euro, with Prime Minister Viktor Orban’s government ruling it out in the foreseeable future claiming it would amount to a loss of economic policy sovereignty. Hungary’s move is similar to a plan announced by the Czech government …

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