Summary: Expected changes for 2016 to the tax legislation
Expected changes for 2016 to the tax legislation
The Hungarian government on 13 October 2015 submitted proposals for certain tax law changes to be enacted for 2016. Among the measures proposed are changes to the rules concerning how individual taxpayers comply with their tax return filing requirements.
Other measures would:
- Revise the rules for the “special tax” imposed on financial institutions and credit institutions specifically concerning inheritances
- Amend the value added tax (VAT) rules for state-owned companies and the VAT group rules
- Expand and revise the “green tax” for certain environmental product fees
- Revise the “local” business tax rules concerning the “road toll”
- Address when the building tax liability accrues
- Revise the stamp duty on automobiles
Read an October 2015 report [PDF 204 KB] prepared by the KPMG member firm in Hungary: Expected changes for 2016 to the tax legislation
