Hungarian Government Decree 109/2020 of 14 April 2020 entered into force on 1 May 2020 and provides for the (re)introduction of a retail turnover tax that applies for retail sales, including online retail sales by non-residents. The tax is meant to fund the economic action plan for COVID-19 and is levied at progressive rates based on the amount of annual net retail turnover in the previous year:
- up to HUF 500 million - 0%
- over HUF 500 million up to HUF 30 billion - 0.1%
- over HUF 30 billion …