EY: Various tax incentives help businesses survive worldwide

Due to the constraints of the current social and economic situation, many businesses worldwide are in extremely difficult financial circumstances. National governments have also come to the aid of companies in the field of taxation.

The circumstances and the consequences of the related security measures are affecting many economic sectors globally and across Europe, and Hungary is no exception. The fall in consumption, the closure of tourism and many key factories, the closure of restaurants and the limited opening of shops are putting many businesses in a difficult situation and, among other measures, the state is trying to provide tax assistance to those affected.