The government of Hungary presented to the parliament on 24 November 2015, a bill proposing amendment to the special bank surtax applicable to financial institutions which was introduced in 2010 as a temporary measure and became permanent in 2013.
According to the proposed bill the current bank surtax rate applicable to bank assets exceeding HUF 50 billion would be reduced from 0.53% of the taxable base to 0.31% in 2016, and to further reduce it to 0.21% in 2017 and 2018. But the surtax of 0.15% applicable up to HUF 50 billion of the taxable base will be kept unchanged.
