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Daily Tax Report: International

Hungarian Parliament Extends Special Tax on Retailers

June 3, 2020, 10:17 AM

Hungary will maintain a special tax on the retail sector past the end of the epidemic emergency, under legislation approved by parliament today.

The country imposed the tax via an April emergency government decree—initially to help raise money to fight the virus crisis.

A formal parliamentary approval ensures it will remain in place past the state-declared coronavirus emergency, according to Gabor Fajcsak, partner and head of tax services at RSM Hungary.

The tax, in effect since May 1, reflects the government’s commitment to shift the tax burden towards sales and consumption taxes, according to an explanatory note...

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