Energy efficiency tax allowances introduced in Hungary
Beyond existing state subsidies for energy efficiency and renewable energy projects, tax allowances introduced in 2017 mean new types of support for energy-related investments.The establishment of an EV (“electronic vehicle”) charging station entitles the investor to the double deduction of investment costs when calculating its corporate income tax base. The maximum of such deduction is […]
Lowest corporate tax rate in EU
A flat 9-per-cent corporate income tax rate (instead of the earlier 10% / 19% progressive rate) would mean a significant advantage for larger Hungarian companies against their competitors within the CEE region.
Decreasing employment tax burden
An important measure of the Government’s employment boosting programme is the gradual decrease of the employers’ social security payments. As the first step, employers’ social security contributions would decrease from 27% to 22% from 2017 (with a further decrease envisaged over the following years).
“Tax audit radar” available on Tax Authority webpages
The places and dates for planned tax audits affecting a specific circle of taxpayers (defined by their type of business activity or geographical area of operation) are now published weekly, from March 2017, on the webpages of the Hungarian Tax Authority.
The Court of Justice of the EU issued a decision declaring Hungary’s online gambling legislation
The Court of Justice of the European Union issued a decision declaring Hungary’s online gambling legislation incompatible with the EU’s freedom to provide services. The case relates to a request for a preliminary ruling from the Administrative and Labour Court in Budapest and concerned administrative decisions made by the Hungarian authorities to block access to […]
Opening event in Budapest
We want to thank you for attending our opening cocktail reception on 13 June 2017. It was great to have the opportunity to meet so many of people face to face and enjoy its new premises in Budapest! Below you can find some photos from the event.We look forward to next event and seeing you […]