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Hungary Introduces Additional Relief Measures to Support Sectors Most Affected by COVID-19

20 November 2020

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Approved Changes

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Hungary

Hungary has published Decree 485/2020 on certain economic protection measures during the state of emergency for COVID-19. The measures include the following relief for the month of November. An exemption from social insurance contributions An exemption from vocational training contributions An exemption from rehabilitation contributions; and A reduction in the tax base for small enterprises tax, with the exclusion of personnel costs The relief is provided primarily for businesses/employees carrying out their main activities based on specified activity codes, including in restaurants, catering, film screening, conference/trade show organization, sports and leisure, performing arts, and others. To qualify, income from qualifying...