Corporate income tax decrease to 9%

  • January 17, 2017
Hungarian Prime Minister Viktor Orbán made an agreement with business on October 24 to increase minimum wages by 15% next year, as well as to initiate a cut to the headline corporate tax from 19%. The reduction of the headline corporate tax rate in Hungary will certainly be welcomed by foreign companies.

AmCham has been advocating for a long time for a substantial decrease in CIT [corporate income tax] to improve our investment climate and thus our regional and global competitiveness. AmCham expects that investment from US companies will grow as the result of the corporate tax reduction. The Chamber also believes that corporate tax reduction is a key factor besides availability of skilled workforce, a stable and predictable regulatory environment, among others.