According to the announcement of the state secretary for tax matters issued in February 2019, the Hungarian Ministry of Finance is planning to introduce a new system that prevents multinational companies to avoid tax burdens in Hungary
On 13 February 2019 the Court of Justice of the European Union (CJEU) delivered a ruling in a Hungarian case concerning the application of the provisions on VAT
On 15 January 2019 the Commission has kick-started the debate on reforming decision-making for areas of EU taxation policy, which currently requires unanimity among the Member States.
New EU rules have been created to eliminate the main loopholes used in corporate tax avoidance, entered into force on 1 January 2019.
The Hungarian Act on the Employee Stock Ownership Plan (the “ESOP Act”) was amended by the Hungarian Parliament in November 2019.
From January 2019 the VAT exemption threshold for individuals will be increased to HUF 12 million from the current limit of HUF 8 million.