The government updated their original recovery package on 22 April 2020, bringing some easing in the area of taxation and the reduced working time support scheme.
The government has released the relevant legislation to its economy recovery package on 10 April. Since then many experts, economists, accountants and tax advisers have been evaluating and interpreting the rules which happened to turn out very complicated.
– Additions to social security tax and KIVA exemptions.
– R&D emplyee support.
– Support for reduced working time employment – the Hungarian Kurzarbeit.
On 7 April 2020 the Hungarian government has launched its new recovery package which they hope to give a boost to the economy.
The government has now announced their recovery programme to answer the Covid-19 pandemic. So far we have the communique, and the detailed legislation is expected to be introduced soon.