OrbitaxHungary Extends Higher Retail Tax, Extra Profits Tax on Financial Institutions, Surcharge on Insurance Premiums, and Other Tax Changes
|Approved Changes|Hungary
Hungary published Act LIV of 2025 on certain tax obligations and amendments to certain tax laws in the Official Gazette on 19 June 2025. The main measures are summarized as follows:
- Higher retail (turnover) tax rates are incorporated under law (previously under decree), with the following rates for tax years beginning in 2025 and 2026:
- up to HUF 500 million - 0%
- over HUF 500 million up to HUF…
