On Wednesday, Hungarian MPs approved a bill lowering the progressive tax rate from 50% to 5.3%, on a tax base over HUF 100 mln.
German-owned RTL Group previously complained to the EU that its business in Hungary was the only one in the top bracket, putting it in a “structurally loss-making position.”
The changes were drafted “in the interest of closing a legal dispute, while weighing the possible consequences of protracted litigation”, according to the justification of the bill approved by MPs.
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