Hungary ruling party proposes cap on planned Internet tax - statement

BUDAPEST (Reuters) - Hungary’s ruling Fidesz party on Wednesday proposed setting a cap on a planned Internet tax that led to an outcry from the Internet and telecommunications sectors, which could face bills for hundreds of billions of forints under the original plan.

“We think it is practical to introduce an upper limit in the same fashion and of the same magnitude that applied to voice-based telephony in the previous tax code,” Fidesz parliament group leader Antal Rogan said in an emailed statement.

Previously, private individuals’ tax payments were maximised at a monthly 700 forints ($2.9) while companies could not pay more than 5,000 forints a month.

Reporting by Marton Dunai; Editing by Hugh Lawson