TAX LAW CHANGES 2022

14 December 2021

Today the Hungarian Parliament passed the autumn tax law package, which brought considerable tax relief measures for employers to compensate for the increase in the minimum wage from 2022.

In this newsletter, we present the passed and pending for promulgation tax law amendments on a topic-by-topic basis, also including the law amendments adopted in the course of 2021 and due to enter into force on 1 January 2022:

(click on the links below to view):

1. Value added tax;
2. Local business tax;
3. Corporate income tax, Special tax on financial institutions (Summer 2021 changes);
4. Small business tax (KIVA), Itemised tax of small businesses (KATA)
5. Personal income tax, Social contribution tax, Vocational training contribution, certain specific benefits, family support;
6. Exceptional payment facility;
7. Change in legislation on teleworking;
8. Accounting rules, Civil Code (Summer 2021 changes);
9. Tourism tax, Intrastat (Changes adopted during 2021).

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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.