On 28 July 2017, the Hungarian National Tax and Customs Administration published guidance on the application of the country's corporate tax incentive for investments in improving energy efficiency. The incentive provides for a tax credit for capital investment in qualifying tangible and intangible assets directly related to improving efficiency. The tax credit is equal to 30% of the investment amount (capped at EUR 15 million) and may offset up to 70% of taxable income in the year of investment or the following year, and up to the following five years. For medium-sized companies, the credit percentage is increased to 40%...