Hungary Extends Temporary Windfall Taxes on Extra Profits to Pharmaceutical Manufacturers

Hungary published Government Decree 582/2022 in the Official Gazette on 23 December 2022, which amends Government Decree 197/2022 on temporary windfall taxes on extra profits. Government Decree 582/2022 adds a new section for the introduction of a temporary special tax on pharmaceutical manufacturers, including manufacturers of pharmaceutical products and manufacturers of raw materials for pharmaceutical products. The tax base is the annual net sales determined on the basis of the annual rep…