As the end of the year approaches, more details are emerging about the tax changes coming in 2026. While the full package is not yet finalized, several key elements have already been announced — we’ve selected those that may be relevant for both businesses and individuals.

Bicycle Benefits – Changes in Corporate Tax

From 2026, corporate tax regulations will allow companies to account for electric bicycles provided to employees as business expenses — not only for models with a power output of 300 W, but also for those up to 750 W. Although these vehicles may technically fall under the category of electric motorcycles, the legislation continues to treat them as bicycles, meaning the benefit can be provided tax-free. The exemption applies not only to employees but also to executive officers, retirees, and close relatives.

IFRS-Reporting Companies: Less Administration in Corporate Tax

Good news for companies applying IFRS: from 2026, the obligation to submit quarterly data to the tax authority (NAV) will be eliminated. This change significantly reduces administrative burdens, especially for companies operating internationally.

Global Minimum Tax – Extended Reporting Deadline

The reporting deadline related to the global minimum tax will be extended to February 28, 2026, giving companies two additional months to submit data for the 2025 fiscal year. This extension is particularly beneficial for businesses with international structures.

Tax Benefits for Mothers – In Personal Income Tax

Two new benefits will be introduced in the personal income tax system:

• A gradually introduced tax base allowance for mothers raising two children, available between 2026 and 2029, depending on age.
• The benefit for mothers under 30 will be expanded: the income limit will be removed, and it will also apply to existing children.

Family Tax Allowance – Doubling in Personal Income Tax

The amount of the family tax allowance is expected to increase significantly from 2026:

• For one child: 133,340 HUF/month
• For two children: 266,660 HUF/month/child
• For three or more children: 440,000 HUF/month/child

Exemption from Tax Returns and Social Contribution Tax (Szocho) Rules

Certain retired mothers will be exempt from filing a personal income tax return if their income does not exceed four times the annual average wage. If it does, the payer must pay a 13% social contribution tax.

Penalty Reduction – In Personal Income Tax

Instead of the previous 39% differential penalty, from 2026 a 12% penalty will apply if the cost stated in the tax advance declaration exceeds the verified cost. This amendment creates a more proportionate sanction system.

We are continuously monitoring the changes, and at our tax conference on December 4, 2025, we will inform our clients in our usual concise and practical manner about the opportunities and challenges for the coming year.