Attractive amendments to tax law
in the perspective of Hungary The rules of Hungarian corporate taxation were the most attractive in the EU for the companies due to a number of benefits that may be used and with regard to the low tax rate unusual in the EU (9%). In accordance with the most recent Bill submitted to Parliament this would be further made more convenient by the Hungarian Government. The most recent Bill of the Hungarian Government was a surprise for the companies. The Hungarian corporate tax system does not scrimp with the benefits that may be used, in addition to the low tax rate which is by far the lowest one in the EU. Even by now there were a number of opportunities to lower the tax rate specified at a low percentage but now the scope of these possibilities will be even enlarged by a significant new element. On 19 October 2018 the Government presented its Bill (Bill No. T/2931 on the amendment linked to Union obligations of certain tax laws as well as on the amendment to provisions on the...