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Hungary Implementing Taxes on Extra Profits of Financial Institutions, Energy Companies, Retailers, and Others

|Approved Changes|Hungary
Hungary

The Hungarian government has established temporary windfall taxes on extra profits through Government Decree 197/2022 (VI. 4.), which was published in the Official Gazette on 4 June 2022 and enters into force on 1 July 2022. The taxes are implemented in different ways for different company types. Some of the main taxes include the following:

  • Financial institutions - a surtax equal to 10% in …

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