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Hungary Makes Retail Turnover Tax Permanent

|Approved Changes|Hungary
Hungary

As previously reported, Hungary issued a government decree in April that (re)introduced a retail turnover tax at progressive rates of up to 2.5% that applies for retail sales, including online retail sales by non-residents. Under the decree, the turnover tax was to expire 30 days after the end of the state of emergency in Hungary for COVID-19. However, a bill to make the tax permanent was intro…

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