From January 1, 2024, a new R&D tax incentive that can be converted into cash grant may be introduced.
From January 1, 2024, a new R&D tax incentive that can be converted into cash grant may be introduced.
GloBe to be introduced to Hungary
The Ministry of Finance published a draft law on October 18 concerning the introduction of the Global Minimum Tax (GloBE), which includes the detailed regulations for implementing the global minimum tax in Hungary starting from January 1, 2024.
The Temporary Crisis and Transition Framework (TCTF), aimed at accelerating the green transition, is still available for businesses.
With the adoption of the Temporary Crisis and Transition Framework (TCTF) by the European Commission, Hungary has been enabled to provide significant state aid to companies considered strategically important for the green deal.
VIP Cash Grant available at HIPA, also for Budapest investments
In August 2023, there was a very favorable change in the utilization of investment incentives specified in Government Decree 210/2014. (VIII. 27.), which contains the conditions for VIP Cash Grant.
