Hungary's National Tax and Customs Administration issued a notice on 7 October 2019 regarding changes in the Tax Credit for Growth (TCG) incentive following changes introduced as part of the Economy Action Plan and 2020 Budget ({News-2019-07-26/A/4-previous coverage}). The TCG incentive allows taxpayers with pre-tax profits exceeding five times the previous year's pre-tax profits to pay tax on the excess in installments in the following two tax years instead of for the current year, with the possibility of reducing the installment tax due by 9% of qualifying investments made (cannot exceed 90% of tax due). One of the main changes...