The prime minister was reported saying that the lowered rate would be applied to big companies, as well as to small and medium-sized enterprises (SMEs), the news agency added.

Currently, the corporate tax rate is 10% on a tax base up to HUF 500 million, and 19% over that, MTI noted.
According to MTI, Orbán said the government made its decision on the corporate tax rate at a meeting on Wednesday, based on a proposal by Minister for National Economy Mihály Varga and decisions taken earlier on payroll taxes.

Source: BBJ

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