On 23 June 2020, the Hungarian central bank reduces the base interest rate from 0.9% to 0.75% in order to maintain price stability and support economic recovery from the COVID-19 pandemic. With respect to taxes, the base rate is used for different purposes, including for the determination of late payment interest, installment payment interest, and interest on refunds.
Related Posts
Hungary authorises signing of tax treaty with New Zealand
August 11, 2026
Hungary published Government Resolution 1254/2026. (VIII. 7.) in the Official Gazette on 29 June 2026, authorising the
Read MoreHungary revises windfall tax on oil producers, extends levy to 2027
August 10, 2026
Hungary has published Act XXXII of 2026 in the Official Gazette, which will enter into force on 18 August 2026. The
Read More
Hungary: NAV cuts corporate allowances and tax types to meet RRF commitments, scraps trust and foundation tax exemptions
July 24, 2026
Hungary’s government has submitted Draft Law T/387 to the parliament on 17 July 2026 to implement commitments under
Read MoreHungary: Central Bank lowers base interest rate
July 22, 2026
Hungary's National Tax and Customs Administration has announced that the Hungarian National Bank reduced its base
Read MoreHungary publishes new transfer pricing documentation guidance
July 22, 2026
Hungary has introduced a revised transfer pricing (TP) documentation framework through Decree No. 45/2025 (XII. 23.)
Read More
Hungary approves tax treaty protocol signing with Kuwait
July 01, 2026
Hungary’s government has authorised the signing of a protocol to amend and update the 1994 Hungary–Kuwait Income
Read More