Public Health Product Tax – Tax Allowance For Health Promotion Programmes

PWC Tax & Legal Alert

On 1 December 2015, the Hungarian Parliament adopted a bill amending certain laws on restructuring the National Tax and Customs Authority and on budget planning and management. Taking effect from 1 January 2016, the new act will enable taxpayers subject to the public health product tax to deduct up to 10% of their tax liability to finance “health promotion programmes.” More...