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Ministry submits tax package for 2014

|Proposed Changes|Hungary
Hungary

On 18 October 2013, the Ministry for National Economy submitted to the parliament the draft law implementing the 2014 tax package. The most important features of the proposed law are as follows.

Corporate income tax

-   The tax credit available for the direct costs of R&D activities will be extended. Taxpayers will be entitled to deduct those costs that are incurred by t…