Hungary reduces corporation tax next year to nine percent, announced PM Viktor Orban Thursday.
A rate of nine per cent will apply equally to small and medium-sized enterprises and large corporations, Mr Orban said adding that he asked the EC not to seek to keep VAT on digital services high due to some logic of equalization, but to allow countries to lower the rate if their “budgets can withstand this”, and where it makes sense in terms of industrial policy.
