The 9% tax will apply to all Hungarian companies, regardless of their activities or shareholders and as a result, Hungary will offer the lowest tax rate within the EU. Furthermore, obtaining this tax rate will not require any tax negotiations or agreements with the tax authority.
The underlying intent of the new 9% rate is to drive Foreign Direct Investment (FDI). Vistra Hungary’s International Expansion division is principally driven by inbound FDI which means making this innovative move could potentially provide clients with numerous positive benefits.
The contents of this article are intended for informational purposes only. The article should not be relied on as legal or other professional advice. Neither Vistra Group Holding S.A. nor any of its group companies, subsidiaries or affiliates accept responsibility for any loss occasioned by actions taken or refrained from as a result of reading or otherwise consuming this article. For details, read our Legal and Regulatory notice at: http://www.vistra.com/notices . Copyright © 2023 by Vistra Group Holdings SA. All Rights Reserved.
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