Source link : https://europ.info/2025/12/02/hungary-launches-up-to-272-million-tax-cut-package-for-small-businesses-reuters/
Hungary has unveiled a significant tax relief initiative aimed at bolstering its small business sector, with a package valued at up to $272 million. Announced by the government on [date], the new measures are designed to ease financial burdens and stimulate economic growth amid ongoing global uncertainties. This move reflects Budapest’s broader strategy to support entrepreneurship and sustain job creation in a challenging economic environment.
Hungary Unveils Major Tax Relief Measures Targeting Small Business Growth
In a bold move to stimulate the economy and support entrepreneurial ventures, the Hungarian government has rolled out a tax relief package estimated at $272 million. This initiative primarily focuses on reducing the financial burden on small businesses, fostering an environment conducive to growth and innovation. Key elements include a substantial cut in corporate tax rates for enterprises with annual revenues below a designated threshold, alongside simplified tax filing procedures designed to save time and resources for small business owners.
Highlights of the tax relief measures:
- Reduction of corporate tax rates by up to 15% for qualifying small businesses
- Introduction of tax credits for startups investing in technology and workforce development
- Streamlined compliance processes, lowering administrative costs
- Enhanced access to financial support through tax incentives for job creation
| Measure | Target Group | Estimated Benefit |
|---|---|---|
| Corporate Tax… |
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Author : William Green
Publish date : 2025-12-02 11:40:00
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