Hungary's Ministry of Finance has issued a release confirming the approval of the measures of the economy protection action plan, which was developed as part of the 2020 budget. This includes the abolishment of the year-end top-up advance tax payment and the extension of the development tax benefit (discount).
For the development incentive, this includes a reduction of the minimum project value limit for the discount for small and medium-sized enterprises from HUF 500 million to HUF 300 mi…