Global Trade Alert
Global Trade Alert

Hungary: HUF 214 billion tax relief scheme to support SMEs in the context of the COVID-19 pandemic

Announcement

29 Jan 2021

In January 2021, the European Commission approved a tax relief scheme from Hungary to support SMEs from all sectors in the context of the Covid-19 pandemic.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

29 Jan 2021

Revocation date:

No revocation date

Tax or social insurance relief

On 29 January 2021, the European Commission approved a HUF 214 billion (USD 726 million) tax relief scheme from Hungary. It will support SMEs in any economic sector through the exemption of local busi...

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