Further Measures In Taxation

Finance Minister Mr. Varga announced new government decisions related to the Covid-19 emergency.

  • Together with the financial statements, the deadline to pay the yearly corporate income tax is also postponed to 30 September. Note: it is important that companies can claim to reduce the CIT advance payments during the year if they see that this year’s results will be lower than last year.
  • Companies hit by the crisis can claim a tax reduction or 6 to 12-month installment payment without any surcharge for up to HUF 5 million.
  • KIVA tax for SMEs drop from 12 to 11 percent from January 2021.
  • The most poplular fringe benefit, SZÉP card will be cheaper for employers: The benefits paid to SZÉP cards are free of social contribution tax until end of June dropping its tax burden from 32.5% to 15%.
  • The yearly limit paid to SZÉP cards is increased from HUF 450,000 to HUF 800,000. This is important to promote domestic tourism after the emergency.

We will share the official text of the decrees when they are published.
Follow our news for updates and contact us for further information.

Recent Posts

Electronic Signatures in Hungary - Leinonen
4 days ago

Electronic Signatures in Hungary: A Practical Guide for Foreign Directors

Managing a Hungarian company from abroad means signing documents on a regular basis, from financial statements to corporate resolutions. In Hungary, an electronic signature has…

Continue reading
Minimum Wage in Hungary in 2026 - Leinonen Hungary
5 days ago

Minimum Wage in Hungary in 2026: What Foreign Employers Need to Know

Hungary reviews its statutory minimum wage every year, and 2026 brings another increase. For companies running payroll in the country, these figures set the legal…

Continue reading
SZÉP Card in 2026: What Foreign Employers in Hungary Need to Know - Leinonen Hungary
May 29, 2026

SZÉP Card in 2026: What Foreign Employers in Hungary Need to Know

The Széchenyi Recreation Card, commonly known as the SZÉP Card, is the most widely used employee benefit in Hungary. For foreign-owned companies setting up or…

Continue reading