Changes to tax and social security law as a response to the economic effects of the coronavirus outbreak
On 18 March, the Hungarian Government introduced amendments to tax and social security law as a response to the economic effects of the coronavirus outbreak. This bulletin summarizes the most important of those changes.
Modified social security rules shall be applied for the period of March-June 2020 to the following sectors:
The rules for social security contributions in the above sectors have been amended as follows:
Simplified lump-sum taxation amendments
Special rules will be applicable for entrepreneurs dealing with passenger transport who opted for simplified lump-sum taxation (known as ‘KATA’ in Hungarian). Based on the amendments such entrepreneurs are not obliged to pay lump-sum tax in the March-June 2020 period.
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