The Hungarian government submitted its proposals for certain tax law changes to be enacted for 2017 on 28 October 2016. As far as corporate income tax is concerned, the proposed amendments mostly affect the incentive elements of the law. Projects and investments in start-up ventures in the area of Energy Efficiency will be supported. Furthermore, a tax allowance would be available in relation to live music services/performance. Besides of the above mentioned cases, the conditions to fulfill in order to benefit from the development tax allowance will become easier. For the full text download KPMG's Tax Newsletter free.