According to recent reports, Hungary's Minister of Finance presented the 2021 Budget Bill in parliament on 26 May 2020, which includes a limited number of tax measures.
One of the main measures is an increase in the allowed development tax reserve from 50% of pre-tax profits to 100%. The development tax reserve provides for an accelerated lump-sum depreciation for a relevant asset prior to the asset being acquired and may not exceed HUF 10 billion.
Another important measure is the abolishm…