The Hungarian Gazette of Tuesday, 14 April 2020 published a decree on
the surtax of retail industry. The surtax may result in a significant
overtaxation due to the fact that the
basis of the advance payment liability is the turnover data of the previous
business year based on the decree. Practically, this is the update of
the former Hungarian act of 2010 on sector-specific taxes as both the object
and the tax rate are the same as in the old act.
