The
Hungarian government has further eased the following tax and accounting
provisions:
The
deadline for tax reporting and tax payment obligations has been moved from
31 May to 30 September for corporate income tax, local business
tax, innovation contribution, small entrepreneur’s tax (KIVA), income tax of
energy suppliers and similar taxes.
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The
rule is also eligible to taxpayers having a business year deviating from the
calendar year. Thus, deadlines falling between 27 April and 30 September have
been moved to 30 September.
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The
reporting deadline for tax advance payments has been also postponed until 30
September 2020. The advance payments can be carried forward or the taxpayer
may request a reduction prior to the deadline of the first payment.
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The
obligation to prepare and publish the annual report has been delayed until 30
September 2020, with exception for companies of public interest (e.g.
corporations traded on the stock exchange of the European Economic Area,
financial institutions, insurance companies, etc).
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