Hungary published Government Decree 206/2023 in the Official Gazette on 31 May 2023, which amends Government Decree 197/2022 on temporary windfall taxes on extra profits. This includes the extension of certain taxes to 2024, as well as adjustments to the tax base and rates. Some of the main changes include the following: The tax base for the special tax on credit and financial institutions is modified for the 2024 tax year, along with the introduction of new tax rates of 13% on the part of the tax base not exceeding HUF 20 billion and 30% on the excess; The temporary...