The special retail tax is coming again

The special retail tax will be reintroduced in Hungary, which will be used in the fund set up to control the epidemic. Multinational retail chains will pay 36 billion HUF annually on this item. The tax will take effect from 15 April or from 1 May.

Dr. Laczka Sándor and Dr. Aracsi Bernadett

Old-new tax

Due to the coronavirus pandemic, the government is creating two types of funds: the fund for protection against the epidemic and the economic restart fund, with a total expenditure of about 2,000 billion HUF. The traders’ tax will be used for the former, to control the epidemic.