On 13 May 2015, the Hungarian government submitted the 2016 Budget Bill to parliament. The main features of the Bill include: No new taxes or increases; The individual income tax rate will be reduced from 16% to 15%; The bank tax rate will be reduced from 0.53% to 0.31% in 2016 and further reduced to 0.21% in 2017; The VAT rate on foodstuff will be reduced, beginning with a reduction in the rate on pork from 27% to 5%; and Fees and duties payable for several public utilities provided by state operators will be reduced A reduction in Hungary's advertising...