The Hungarian Parliament has approved an increase in the advertisement tax rate from 5.3 percent to 7.5 percent while overcoming the European Commission’s illegal state aid objections and still shielding smaller media companies from the tax.
Companies with revenues below HUF100m (USD364,000) per year, will not have to pay the tax.
According to the new law, companies that have benefited from the advertising tax allowance since 2014 will receive reimbursements of taxes already paid.
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