The proposed tax package of the TISZA program in practice

The main difference between the TISZA program and current Hungarian practice is that so far fiscal balance has been ensured to a significant extent through inflation, consumption (VAT) revenues, and sector-specific taxes, whereas the TISZA program aims to achieve fiscal room for manoeuvre from non-fiscal sources: namely through eliminating corruption and reclaiming EU funds. The goal of the TISZA program is to reduce taxes on work and entrepreneurial activity, as well as to create a fairer tax system.

What R&D incentives are available in the Hungarian tax system and in the form of financial support?

In our previous article, we presented the changes in Hungarian economic support trends and clarified the basic concepts of R&D. In this article, we review the various available incentives. These can be grouped into three main categories: the first includes tax base and tax allowances that can be applied during research and development activities; the second category covers incentives related to the use of intellectual property created through these activities; and finally, R&D projects are also given preference in direct financial grant funding.

Foreign nationals can also benefit from the advantages of Hungarian fiduciary asset management

The legal framework of fiduciary asset management can offer numerous advantages to foreign investors and wealthy families even in an international context. Neither the settlors, the asset managers, nor the beneficiaries are required to be Hungarian citizens, and it is also not a requirement that they reside in Hungary for an extended period.