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Minister for National Economy Mihály Varga submitted a bill to Parliament on Monday that would establish a 9% flat-rate corporate tax as of January 1, 2017, Hungarian news agency MTI reported today.
At present, the corporate tax rate is 10% on a tax base up to HUF 500 million, and 19% over that amount.
Prime Minister Viktor Orbán announced the governmentʼs plans to introduce the lower, flat-rate corporate tax about two weeks earlier.