In our current newsletter we inform our clients about the in-depth investigation which has been launched into Hungarian advertisement tax procedures.
The preliminary investigation into Hungarian advertisement tax has not provided satisfactory answers to the European Commission about the compatibility of the tax with EU norms; therefore, the investigation is now an official procedure allowing the involvement of interested third parties. At the same time, Brussels has taken a separate decision prohibiting the application of the progressive tax rates until the final decision of the in-depth investigation (a so called ‘suspension injunction’ procedure).
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