Covid-19 – Economical and taxation impacts of Hungarian official measures

By March 18, the government had taken a number of measures to protect jobs and the economy, even the most of the provisions of the action plan are limited to a defined group of businesses. However, companies that may have difficulties with their tax obligations due to cash flow problems, according to the general rules may apply to the Hungarian Tax Authority for a payment facility (deferred payment or instalment payment). In addition, it is possible to request the reduction of the tax advance obligations as well. In both cases, LeitnerLeitner's experts are available for the administration process.