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Hungary: HUF 47.5 billion scheme to support the economy during the second state of emergency (COVID-19)

Description

On 10 December 2020, the European Commission approved a HUF 5.5 billion (USD 18 million) tax break scheme from Hungary. It will support any company from the food, beverage, sport, and cultural sectors...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

10 Dec 2020

Revocation date

30 Jun 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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