Hungary Budget 2018 - Repeal of 10% Holding Condition for Capital Gains Participation Exemption

Hungary's Budget Bills for 2018 (T/15381 and T/15428) were submitted to parliament on 2 May 2017. In addition to the KIVA and VAT rate changes {News-2017-05-11/P/3- previously reported}, the legislation also provides for the repeal of the 10% holding requirement for the participation exemption regime for capital gains from the sale and contribution in kind of shares. The requirement to register shares with the tax authority upon acquisition and the minimum one-year holding would continue to a…