Hungary's Ministry of Finance has announced the Economy Protection Action Plan, which has been adopted by the government to maintain growth in the Hungarian economy. Some of the main measures of the Action Plan include:
- A reduction in the rate of social contribution tax from 19.5% to 17.5%;
- A reduction in the rate of small enterprise tax (KIVA) from 13% to 12%;
- The abolition of the simplified entrepreneurial tax (EVA);
- The merger of the pension contributions, healthcare insurance contribut…