The measures, approved in an expedited procedure with a unanimous vote of 167 for, were part of an agreement signed by the government and the Hungarian Chamber of Industry and Commerce (MKIK) on Monday.

The measures in the agreement included:
gradual increase of VAT exemption thresholds, to HUF 20m in 2026,
HUF 22m in 2027 and HUF 24m in 2028;
a higher expense allowance for flat-rate taxpayers, reaching 45pc in 2026 and 50pc in 2027;
a reduced social contribution base for sole proprietors;
expanded eligibility for the Small Business Tax (KIVA);
tax relief for environmental remediation ahead of brownfield investments;
tax incentives for infrastructure upgrades at energy providers;
modified retail tax brackets;
a six-month deferral of a vehicle fuel excise tax hike;
an increase in the threshold for corporate tax advances from HUF 5m to HUF 20m;
simplified financial reporting rules for microbusinesses;
and special administrative relief for around 80,000 sole proprietors.

 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

*********************************************************************************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.