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.

Source

Number of interventions

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

On 7 July 2020, the European Commission approved a HUF 8 billion (USD 26 million) Hungarian scheme that provides several companies with exemptions from their social security obligati...

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