On 10 June 2006, the Hungarian Government announced a set of measures it intends to introduce over the period 2006-2008 as part of the "New Equilibrium" package (the "Package") with the purpose of improving the budget balance in order for Hungary to meet the entry requirements to the euro zone within 3 years. The reform will have impact on, inter alia, the individual and corporate income taxes, VAT, excise duties and the social security contributions. It is expected that the parliament will discuss the draft bills introducing the tax and social security related measures of the Package at the end...