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Hungarian Parliament Approves Tax Law Amendments Including New Investment Allowance for Emissions Reduction and Loss Carryforward and Deduction Changes

|Approved Changes|Hungary
Hungary

The Hungarian Parliament (National Assembly) reportedly approved a package of various tax law amendments for 2024 on 4 July 2023. Some of the main amendments relating to corporate income tax include the following:

  • A temporary tax allowance is introduced for strategically significant investments made for the purpose of transformation to a net-zero emission economy, including investments in the …

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