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Hungary to Cut Tax on Cryptocurrency Earnings by 50% From 2022

May 11, 2021, 2:31 PM

Hungary to reduce tax on cryptocurrency earnings to 15% from 30.5% currently, Finance Minister Mihaly Varga said in a Facebook post.

  • Government expects “several billion forint” of revenue from the tax cut
  • Other tax changes include allowing energy providers to deduct losses over the next five fiscal years

To contact the reporter on this story:
Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editors responsible for this story:
Balazs Penz at bpenz@bloomberg.net

Greg Sullivan

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