Izer noted that from the start of 2021 the KIVA tax rate was lowered to 11% from 12%. Since the tax form was introduced five years ago, KIVA companies have saved HUF 185 bln, he added.
Businesses that opt for KIVA pay a fixed tax rate on a tax base of payroll expenditures plus dividends and capital transfers. KIVA businesses are exempt from the payroll tax, training tax and corporate tax. KIVA eligibility is limited to companies with annual revenue up to HUF 3 billion and headcount up to 50.
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