Currently there are two corporate tax rates in Hungary: 10% up to HUF 500 million EBT (EUR 1.6 million), and 19% above this limit. From 2017 there will be one general rate of 9%.
It means that all the companies can save at least 10% on the corporate tax and that there is no need to keep the profit below HUF 500 million. This step can also improve the competitive position of Hungary and attract more companies to settle in the country. Actually 9% is the lowest tax rate in the EU. It is in Austria 25%, in Romania 16%, in Slovakia 22%, in Croatia 20%, in Slovakia 17%, in Poland 19%.
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