Hungary published Law LXXXVI in the 14 July 2020 edition of the Official Gazette, which generally entered into force on 15 July 2020 and provides for the establishment of the Central Budget for 2021. This includes, as {News-2020-07-15/A/9-previously reported}, the deferral of the initial reporting of cross-border arrangements (DAC6). Law LXXXVI also includes an increase in the allowed development tax reserve from 50% of pre-tax profits to 100%. The development tax reserve provides for an accelerated lump-sum depreciation for a relevant asset prior to the asset being acquired and may not exceed HUF 10 billion. Certain local business tax changes...