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Hungary Tax Agency Issues Tax FAQs Due to Coronavirus Pandemic

April 1, 2020, 5:00 AM

The Hungarian National Tax and Customs Administration March 27 issued FAQs on tax measures due to the coronavirus pandemic. Topics covered include: 1) the May 20 deadline for filing individual tax returns; 2) draft tax return information; 3) documentation requirements; 4) conditions, requirements, and procedures for payment discounts; 5) a six-month installment payment option for taxpayers with personal income taxes and social contribution taxes not exceeding 200,000 Hungarian forint (US$618); 6) a 12-month installment payment option for taxpayers subject to VAT who owe taxes up to 500,000 Hungarian forint (US$1545); 7) a 10,000 forint (US$31) fee for discount payment services ...