AMEND PROFIT TAX

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000700020058-4
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: August 23, 2011
• Sequence Number: 58
• Publication Date: October 31, 1951
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/08/23 :CIA-RDP8O-OO8O9AOOO7OOO2OO58-4
CLASSIFICATION coNFIDENTIAL COI~F~U~IV ~ I~i~
SECURI
TY INFORMATION
CENTRAL INTELLIGENCE AGENCY REPORT
INFORMATION FROM
FOREIGN DOCUMENT;3 OR RADIO BROADCASTS CD PrO.
COUNTRY
SUBJECT
HOW
PUBLISHED
WHERE
PUBLISHED
DATE
PUBLISHED
LANGUAGE
Economic -Profit tax amendments
Irregular newspaper
Budapest
4 Aug 1951
Hungarian
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XIp ITLO !T LAM. R[/RODUCTIOX Of TNI! IORY IS RRONI lITFO.
DATE OF
INFORMATION 1951
DATE DIST. ~~ oct 1951
N0. OF PAGES 1
SUPPLEMENT TO
REPORT N0.
THIS IS UNEVALUATED INFORMATION
A recent decree of the Minister ~of Finance amends profit tax rates as
follows
The rate of profit tax for ,joint-stock companies, limited liability
companies, and cooperatives (excepting fishing cooperatives) is 30 percent on
the taxable annual profit under 10 percent of the enterprise's capital; 40
percent on taxable profit in excess of 10 percent, but less than 15 percent of
the capital; 50 percent on taxable profit in excess of 15 percent but less than
20 percent of the enterprise's capital; and 70 percent on taxable profit in ex-
cess of 20 percent of the enterprise's capital.
The rate of profit tax fur fishing cooperatives is 10 percent on the tsx-
able annual gain.
The decree was No 6,340-II/3/1951, (VIII.4) III.a.P.M.
NSRB
FBI
'CONFIDENPIAL
DISTRIBUTION
:-.
Sanitized Copy Approved for Release 2011/08/23 :CIA-RDP8O-OO8O9AOOO7OOO2OO58-4