The Hungarian Ministry of Finance has announced the submission of a draft bill in parliament on 13 October 2020 that includes measures for additional relief for businesses in light of the COVID-19 pandemic. One of the main measures concerns the small enterprise tax (KIVA). In addition to the KIVA rate being reduced from 12% to 11% in 2021, the draft bill provides that the threshold to opt for the KIVA is increased from revenue of HUF 1 billion to HUF 3 billion and the exit threshold for los…