Tax law changes will take effect in Hungary from 1 January 2016,
following the November passing of amendments by the country's
Parliament.
The main purpose of the amendments is to support the Hungarian
Government's aims in connection with economic growth and
stability of the state budget. The changes are therefore small
compared to the more structural law adjustments of previous years
– and they are specifically focussed on decreasing the
administrative burden on taxpayers, and showcasing Hungary's
business 'friendly' Tax Authority.
The most important changes can be summarised by the following
tax types.
Act on the Rules of Taxation
From 1 January 2016 the Tax Authority will categorise taxpayers
on a quarterly basis as 'reliable', regular and
'risky' according to legal criteria set in the Act. While
the consequences of being a reliable taxpayer will be beneficial,
risky taxpayers are set to 'gain' the Tax Authority's
special attention and can expect a strict
