Hungary Tax Agency Issues Tax FAQs Due to Coronavirus Pandemic

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 ...