On 19 June 2017, Hungary published Law LXXVII (Bill T/15428) as approved by parliament. The Law provides for certain tax amendments in relation to the 2018 Budget, including a reduction in the VAT rate on Internet access services from 18% to 5% and reduction in the VAT rate on fish products from 27% to 5%. The Law also amends the exemption for capital gains from the sale and contribution in kind of shares by removing the 10% holding condition. The condition that shares be held for at least o…