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

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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...

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

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Table

Affected Sectors

Affected Products

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