ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
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Hungary<br />
Tax <strong>policy</strong> and<br />
controversy<br />
Botond Rencz<br />
botond.rencz@hu.<strong>ey</strong>.com<br />
+36 1 451 8602<br />
1<br />
| Tax rates (2014–15)<br />
1.1 K<strong>ey</strong> <strong>tax</strong> rates<br />
2014 <strong>2015</strong> Percentage<br />
change<br />
Top corporate income<br />
<strong>tax</strong> (CIT) rate (national<br />
and local average, if<br />
applicable)<br />
<br />
is the standard<br />
CIT rate. The<br />
10% rate<br />
applies to the<br />
<br />
million<br />
(approx.<br />
<br />
of <strong>tax</strong>able<br />
income.<br />
—<br />
is the standard<br />
CIT rate. The<br />
10% rate<br />
applies to the<br />
<br />
million<br />
(approx.<br />
<br />
of <strong>tax</strong>able<br />
income. 1<br />
Top individual income<br />
<strong>tax</strong> rate (national<br />
and local average, if<br />
applicable)<br />
Standard value-added<br />
<strong>tax</strong> (VAT) rate<br />
16% 16% 2 —<br />
27% 27% 3 —<br />
Stay up to date with<br />
developments in Hungary<br />
by accessing EY's <strong>global</strong><br />
<strong>tax</strong> alert library at<br />
www.<strong>ey</strong>.com/<strong>tax</strong>alerts.<br />
EY k<strong>ey</strong> contact<br />
2<br />
| <strong>2015</strong> <strong>tax</strong> <strong>policy</strong> <strong>outlook</strong><br />
2.1 K<strong>ey</strong> drivers of <strong>tax</strong> <strong>policy</strong> change<br />
• <br />
economic growth.<br />
• Its main aim is to increase employment and encourage investments and jobcreating<br />
activities in Hungary.<br />
• <br />
above aims.<br />
Content provision date<br />
<br />
1 Section 19(1)-(2) of Act LXXXI of 1996 on Corporate Income Tax.<br />
2 Section 8(1) of Act CXVII of 1995 on Personal Income Tax.<br />
3 Section 82(1) of Act CXXVII of 2007 on the Value Added Tax.<br />
92 | The <strong>outlook</strong> <strong>for</strong> <strong>global</strong> <strong>tax</strong> <strong>policy</strong> in <strong>2015</strong>
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