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Hungary Issues Release on Further Tax Concessions

20 April 2020

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Approved Changes

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Hungary

Hungary's Ministry of Finance has issued a release on the introduction of further tax concessions. This includes some previously announced concessions as well and some new concessions, including a possible reduction of any form of tax up to HUF 5 million with payments in installments and a reduction in the rate of small enterprise tax (KIVA) from 12% to 11% in 2021. --- The government has decided on the introduction of further tax concessions April 17, 2020 10:34 AM "The government has decided on the introduction of further tax concessions that will leave 200 billion forints (EUR 570 million) in...