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.

How does GloBE Affect Hungarian Subsidiaries?

The world of international taxation is undergoing significant change with the introduction of the global minimum tax (GloBE) framework. This new system aims to fairly distribute tax rights among countries where these corporations operate, ensuring that they contribute to the tax base of each country.