The amendments to the Hungarian Tax Law submitted by the Minister of Economy of Hungary were accepted on 12 December 2016 without any major modifications. According to the adopted Tax Law the new tax measures are as follows:

Tax Measures

Previous rate

Current rate

Main corporate tax rate

19%/10%

9%

KIVA tax rate

16%

14%

Social security tax rate

27%

22%

Health care contribution

27%

22%

These new tax measures are effective from 1 January 2017.