We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
Automated tax workflows with secure APIs.
Collaborate securely on your tax data
Share This Article
|
|
Hungary's Ministry of Finance has issued a release confirming the approval of the measures of the economy protection action plan, which was developed as part of the 2020 budget. This includes the abolishment of the year-end top-up advance tax payment and the extension of the development tax benefit (discount). For the development incentive, this includes a reduction of the minimum project value limit for the discount for small and medium-sized enterprises from HUF 500 million to HUF 300 million in the case of small enterprises and HUF 400 million in the case of medium-sized enterprises. From 2022, the minimum project...