Hungary Gazettes Law Amending Various Tax Laws

The Hungarian Official Gazette Nov. 19 published Law No. LXXXIII/2025, amending certain provisions of various tax laws to simplify tax administration and align with EU tax laws. The law includes measures amending: 1) individual income tax provisions to simplify the process for mothers to extend advance tax declarations, introduce unlimited tax equalization and recordkeeping rules for unrecognized losses from crypto-asset transactions, and exempt damages from fraud cases and teacher training expenses; 2) corporate income tax provisions to set the R&D tax credit limits for research institutes at 100 percent for basic research, 50 percent for applied research, and 25 percent ...