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Hungary: EUR 1.14 billion scheme to support companies in context of Russia's invasion of Ukraine

Description

On 20 June 2022, the European Commission approved a EUR 753 million (USD 793 million) tax reduction scheme from Hungary. Companies of all sizes and from all sectors (except the financial sector) can b...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Jun 2022

Revocation date

30 Aug 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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