Global Trade Alert
Global Trade Alert

Hungary: HUF 8 billion tax advantage scheme to support the aviation industry in the context of the Covid-19 pandemic

Announcement

07 Jul 2020

In July 2020, the European Commission approved a tax advantage scheme from Hungary to support undertakings from the aviation industry affected by the economic consequences of the COVID-19.

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

07 Jul 2020

Revocation date:

31 Dec 2020

Updated: 07 Jul 2020
Tax or social insurance relief
<p>On 7 July 2020, the European Commission approved a HUF 8 billion (USD&nbsp;26&nbsp;million) Hungarian scheme that provides several companies with exemptions from their social security...
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