Up to 60% Cash Grant in Hungary for Large Investments
New grant opportunity – instead of tax relief for large companies there will be a cash grant in Hungary According to government plans, from early 2024 a new funding program may be launched under the framework of the Individual Government Decision („EKD” or „VIP”) grants, specifically targeting companies adversely affected by the introduction of the global minimum tax. Under the proposed program, these companies could receive cash grant for their planned investments instead of a development tax incentive. The cash grant would be payable within 10 years following the completion of the investment, provided the company has ...
