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.
On 11 June 2020 the Court of Justice of the European Union (hereinafter referred to as “CJEU”) passed a significant ruling in the Portuguese case C-43/19 (Vodafone Portugal – Comunicações Pessoais SA).
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.