Hungarian firms often don’t claim a quite big tax relief

By: Trademagazin editor Date: 2023. 07. 18. 11:14

According to Dr Máté Vargha, tax manager of BDO Magyarország Tax Advisory, Hungarian companies are entitled to a big tax relief for their own investments, and in 2022 more businesses became eligible for this, but many firms simply don’t claim it.

This article is available for reading in Trade magazin 2023/6-7.

What is more, the sum can be deducted directly from the amount of the tax to be paid, and not from the tax base. All companies need to do is register their intent to claim the tax relief – in the form specified by the law – at the Ministry of Finance, and then indicate this in their self-assessment tax return. However, it is very important to clarify in advance whether the company meets all the conditions for benefitting from this opportunity. //