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Hungary: HUF 214 billion tax relief scheme to support SMEs in the context of the COVID-19 pandemic

Description

On 29 January 2021, the European Commission approved a HUF 214 billion (USD 726 million) tax relief scheme from Hungary. It will support SMEs in any economic sector through the exemption of local busi...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Jan 2021

Revocation date

31 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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