HUNGARIAN EXTRA PROFIT TAXES 2022 SUMMER
On 4 June 2022, by Government Decree No. 197/2022 (VI.4.) on Extra-profit Taxes, the extra-profit taxes were promulgated, which will enter into force, for the most part, on 1 July 2022 and will apply for the tax years 2022 - 2023.
In this newsletter, we present the promulgated tax law amendments on a topic-by-topic basis (click on the links below to view):
- Extra profit taxes levied on financial institutions, investment companies and insurance companies (special tax on banks and financial undertakings; financial transaction tax, transaction tax of investment firms and commodity exchange operators; insurance surtax)
- Extra profit taxes levied on the energy sector (income tax of energy suppliers („Robin Hood tax”); special tax on petroleum product producers; special tax on electricity producers; mining contribution)
- Extra profit taxes levied on other sectors (airline contribution, special tax on pharmaceutical distributors, telecommunication surtax, retail tax)
- Other taxes (car tax, public charges on simplified employment scheme, public health product tax, excise duty)
June 9, 2022
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Should you have any questions regarding this newsletter, the tax experts of VGD Hungary will be pleased to assist you.
This newsletter provides general information and does not constitute tax advice.
