Latest Finance-Economy News
Hungary Terminates State of Emergency on May 14, 2026
Government Decree No. 424/2022 sets the end of the state of emergency, causing several emergency tax decrees to lapse unless elevated to law. Businesses face changes in obligations like tax exemptions and price controls. This impacts sectors from small business tax to protected fuel prices.
Small Business Tax Exemption for Service Charges to Lapse
The tax exemption under small business tax is expected to end on May 13, 2026, with possible statutory elevation. Companies relying on this relief must prepare for reinstatement of standard charges. Deloitte advises monitoring legislative updates.
Local Business Tax Reporting Relief Ends with Emergency
Advance-payment reporting relief for demergers in local business tax will lapse on May 13 unless made permanent by statute. Firms involved in restructurings should adjust compliance processes immediately. Continuation depends on new laws.
Tourism Tax Special Exemption Nears Expiry
Hungary's special tourism tax exemption, in place during the emergency, is set to expire May 13, 2026. The hospitality sector may see increased tax burdens post-emergency. Statutory elevation is under consideration.
Excise Duty Reductions on Fuel to End Soon
Government Decree No. 51/2026 (III. 9.) regulates excise duties on petrol and diesel, with reductions lapsing May 13. New rates apply from May 14 amid state of emergency termination. Petroleum product prices may rise accordingly.
Protected Fuel Prices Face Draft Legislation Uncertainty
Price reduction measures for protected fuels are due to lapse on May 13, 2026, with pending draft legislation. Consumers and businesses should anticipate potential price hikes. Government action is awaited.
Drugstore and Foodstuff Price Regulations to Cease
Profit margin regulations on drugstore products and foodstuffs will likely end with the emergency on May 13. Retailers face normalization of pricing controls. Possible statutory permanence is speculated.
Solidarity Contribution Rules Set to Lapse
Determination of solidarity contribution amounts expires May 13, 2026, unless elevated to law. Affected entities need to review payment obligations post-emergency. Deloitte highlights preparation needs.
Supplementary Mining Royalty Extended to 2026 End
Elevated to statutory level by Act L of 2025, the supplementary mining royalty remains until December 31, 2026. Payment timing deferrals noted, unaffected by emergency end. Mining firms should note adjusted schedules.
Government Prepares for Post-Emergency Tax Landscape
Multiple obligations like excise duties and business taxes risk lapsing without elevation; Deloitte urges companies to assess impacts. Overall, Hungary shifts from emergency measures to standard regulations from May 14. Contact details provided for advice.