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Update - Hungary Confirms Approval of Economy Action Plan as Part of 2020 Budget

26 July 2019

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Approved Changes

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Hungary

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...