According to recent reports, Hungary has increased the financial transaction tax. This includes an increase in the financial transaction tax rate from 0.3% to 0.45%, with maximum tax per payment transaction increased from HUF 10,000 to HUF 20,000, as well as an increase in the financial transaction tax on cash withdrawals from 0.6% to 0.9%, which apply from 1 August 2024. Further, an additional financial transaction tax is introduced at a rate of 0.45%, subject to a HUF 20,000 cap, which appl…