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Hungary Issues Release on Tax Concessions Provided to the Tourism Sector for COVID-19

07 May 2020

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Approved Changes

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Hungary

Hungary's Ministry of Finance has issued a release on the tax concessions being provided to the tourism sector due to COVID-19. --- The tax concessions being provided to the tourism sector are helping enterprises and families alike May 5, 2020 12:12 PM The tourism sector, which is most vulnerable to the coronavirus epidemic, is being aided by several immediate measures. "In addition, one million employees could be affected by the concession relating to the Széchenyi Recreation (SZÉP) Card, according to which the spendable limit will be doubling and the tax payable with relation to monies transferred to the card is...