Hungary Issues Release on Further Tax Concessions

Hungary's Ministry of Finance has issued a release on the introduction of further tax concessions. This includes some previously announced concessions as well and some new concessions, including a possible reduction of any form of tax up to HUF 5 million with payments in installments and a reduction in the rate of small enterprise tax (KIVA) from 12% to 11% in 2021.

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The government has decided on the introduction of further tax concessions

April 17, 2020 10:34 AM

"The government has d…