Hungary’s tax system has become even more competitive

By: Trademagazin editor Date: 2020. 12. 16. 11:21

The competitiveness of the Hungarian tax system among OECD countries has further strengthened. In this year’s ranking of the Tax Competition, which evaluates the members of the international economic organization, Hungary is also ahead of Poland, Germany and the United Kingdom. And the tax changes that will take effect next year will bring further simplification and relief, EY pointed out.

Improving its position last year, Hungary became the 14th among the 36 OECD countries surveyed in the International Tax Competitiveness Ranking (ITCI) of the Tax Competition. A leading U.S. research institute on tax policy examines the extent to which each tax system provides the right environment, not only for investment, but also for workers and businesses. According to the survey, Estonia is at the top of the list, while Italy is the leader, and Hungary is ahead of Germany (15th), the United States (21st), the United Kingdom (22nd) and Poland (34th).