Higher tax allowance for investment projects to comply with energy efficiency targets

According to an amendment to the Hungarian Corporate Income Tax Act approved in July 2018, taxpayers may be eligible for higher tax allowance in connection with an investment project to comply with energy efficiency targets, upon placing the project into operation, in the tax year following the year when the project was placed into operation – or in the same tax year at the taxpayer’s discretion – and in the following five tax years.