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Hungary Provides Flat-Rate Tax Exemption for COVID-19

|Approved Changes|Hungary
Hungary

The Hungarian government has issued a release on efforts to contain the coronavirus (COVID-19) epidemic. This includes that small businesses and individual entrepreneurs are being granted an exemption from the payment of the flat-rate tax of small businesses (kata) until 30 June. It is also noted that the deferment of 'kata' debts incurred before 1 March has also been authorized, with taxpayers in arrears with such payment liabilities required to pay these debts in the quarter following the …

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