Hungary: Corporate, individual tax changes | KPMG | GLOBAL

Hungary: Corporate, individual tax changes are pending enactment

Hungary: Corporate, individual tax changes

The Hungarian Parliament passed tax legislation that was proposed by the government in May 2016, and the legislation is currently pending enactment assuming that the president will sign it.


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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 (PDF 284 KB) prepared by the KPMG member firm in Hungary: Amendments to the Tax Legislation in line with Law No. T/10537

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