The tax proposals, once enacted, would make changes to Hungarian tax law affecting both corporate and individual taxpayers. During Parliament’s consideration of the legislation, certain changes were made including the introduction of a completely new definition of “royalties” for corporate tax purposes. Also, other changes relate to the real estate investment trusts (REIT) status, and to the “cafeteria system” and employee mobility-related benefits (for example, tax-free housing and travel allowances).
Read a June 2016 report prepared by the KPMG member firm in Hungary: Amendments to the Tax Legislation in line with Law No. T/10537
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