OrbitaxTax package approved by parliament – Corporate taxation (including bank tax)
|Approved Changes|Hungary
On 22 July 2010, the parliament approved amendments to tax laws by way of a bill No T/581 (the Bill) and a bill on sport subsidies. When promulgated, the amendments generally take effect on 1 July 2010, unless otherwise indicated below. The major amendments regarding corporate taxation include.
The lower 10% tax rate that applied in respect of income up to HUF 50 million, …
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