Hungary: Tax legislative proposals for 2017

Hungary: Tax legislative proposals for 2017

The Hungarian government has submitted legislative proposals for tax law changes, scheduled to be enacted for 2017. There are proposals that would amend certain tax rules for corporations and for individual taxpayers.

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The proposed corporate tax changes include measures that would:

  • Aim to foster energy efficiency projects and investments in start-up ventures
  • Provide a tax allowance for live music services/performance
  • Reduce the number of conditions required in order to benefit from the development tax allowance

With respect to the proposed individual (personal) income tax changes, there are proposed legislative measures would allow a marriage tax base allowance to be claimed together with the family tax base allowance; allow options for tax return filing; and repeal a 6% health care levy imposed on interest income and on income from long-term savings accounts.

 

Read a November 2016 report prepared by the KPMG member firm in Hungary

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