Hungary Extends Windfall Tax on Petroleum Product Producers and Allows a Tax Reduction for Pharmaceutical Manufacturers and Distributors Based on Investment
Hungary published Government Decree 317/2023 in the Official Gazette on 17 July 2023, which amends Government Decree 197/2022 on temporary windfall taxes on extra profits. One of the main amendments is the extension of the windfall tax on producers of petroleum products. The 2.8% tax on net sales revenue determined on the basis of the annual report for the 2022 tax year is extended to the 2023…
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