HUNGARIAN TAX LAW AMENDMENTS SUMMER 2022

Parliament has passed the bill, which amends several laws, including tax laws (more details in our earlier newsletter here). This newsletter summarises the most important changes according to the adopted wording.

The most significant changes are the significant tightening of the transfer pricing rules and the introduction of the possibility for manufacturers and service providers who grant cash refunds to final consumers through a third-party reseller to reduce their VAT base. 

(Click on the links below to view):

1. Corporate income tax, Small business tax („KIVA”) and transfer pricing rules
2. Innovation contribution
3. Personal income tax, social security
4. Value-added tax, tax procedure rules
5. Other taxes (company car tax, excise tax, Robin Hood tax), tax procedure rules

20 July, 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