ASB Hungary Kft.

Andrássy út 100. 3. em.

1062 Budapest, Hungary

+36 30 175 4383

CA: 26369420242

Direct contact (media & inquiries)

Dan Ledvinka Group Business Development Director +420 724 377 998

Shield 4.0: bad debt relief and the minimum income tax

On June 24, 2020, the so-called anti-crisis Shield 4.0 regulations entered into force introducing to the acts on income taxes i.a. an episodic exemption from the tax on revenues from buildings and shortening the period after which a taxpayer is entitled to take advantage of the so-called bad debt relief.

Doing Business in Hungary (and CEE) for E-commerce industry

Hungary is a country located in Central Europe and member of the European Union as well as the Schengen Area. Today, Hungary is an upper-middle income country with a very high Human Development Index, which looks at life expectancy, education and the standard of living. The economy is largely driven by exports, making it vulnerable to external market shocks.