The Hungarian Parliament (National Assembly) reportedly approved a package of various tax law amendments for 2024 on 4 July 2023. Some of the main amendments relating to corporate income tax include the following: A temporary tax allowance is introduced for strategically significant investments made for the purpose of transformation to a net-zero emission economy, including investments in the manufacturing of certain equipment including batteries, solar panels, wind turbines, heat pumps, electrolyzers, and carbon capture and storage devices, as well as investments in the manufacturing of key equipment directly used in the manufacture of such equipment, with applications for the allowance...