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Hungary Budget Bill for 2019 Submitted to Parliament

11 July 2018

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Proposed Changes

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Hungary

Hungary's 2019 Budget Bill was reportedly submitted to parliament on 27 June 2018. Tax-related measures of the Bill include: The deduction allowance for investment in start-ups will be capped at HUF 20 million; A deduction for providing work-place kindergartens/childcare will be allowed, provided that at least 80% of the children are children of employees; The development reserve amount allowed for deduction will be increased from HUF 500 million to HUF 10 billion; Local governments will be allowed to introduce local business tax exemptions and allowances to promote investment; The local business tax allowance for increased employment will be abolished, along...