Hungary MOF Announces Reduced Small Business Tax Rates for 2022

The Hungarian Ministry of Finance Nov. 28 announced the option for reduced small business tax rates for 2022. The ministry explained that: 1) taxpayers may chose the 10 percent simplified small business taxation regime (KIVA) to replace the 9 percent corporate income tax and the 13 percent social contribution tax, beginning in 2022; and 2) the eligibility criteria for the regime includes businesses with between 50 and 100 employees and annual revenue between 3 billion Hungarian forint (US$9.2 million) and 6 billion forint (US$18.5 million). [Hungary, Government Portal, 11/28/21]

Reference:
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