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Hungary: Financial aid and tax scheme for facilitating investments in sectors strategic for the transition towards a net-zero economy

Description

On 28 July 2023, the European Commission approved a Hungarian tax concession scheme with a total budget of HUF 880 billion (USD 2.52 billion). The tax advantages aim to support investment in technolog...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 Jul 2023

Revocation date

31 Dec 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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