In June 2025, the Hungarian Parliament adopted the Spring Tax Package, introducing significant changes across multiple tax areas. The amendments aim to align domestic rules with EU expectations, solidify previously temporary measures, and address the evolving digital and economic landscape. Below is a practical summary tailored to business decision-makers.

📌 Sector-Specific and Extra-Profit Taxes: Now Codified in Law

Several special taxes that were previously governed by government decrees are now incorporated into tax law. This means they will likely apply for a longer period, and with less room for future relief.

• For banks, the 2026 tax base must already be calculated using 2024 financial statements. The tax rate is 8% up to HUF 20 billion, and 20% above that threshold.
• Insurance companies will continue to be subject to the supplementary tax until at least 2026.
• The Hungarian Lottery Company (Szerencsejáték Zrt.) receives preferential tax treatment, resulting in an estimated HUF 18 billion loss of municipal tax revenues annually. Notably, casinos are not granted the same relief.

💳 Transaction Tax: Now Applies to E-Money Accounts Too

The financial transaction tax has been extended to include electronic money accounts. This introduces a new layer of administrative and cost burdens for companies using digital payment platforms.

💡 One example of such a service provider is BinX, a Hungarian fintech company offering e-money accounts for businesses. While BinX currently charges fixed fees for outbound transfers, the new transaction tax may represent an additional cost. Companies using these services should monitor provider updates closely and be proactive in assessing the impact.

🧾 Corporate Tax: New Reporting Options and Enhanced Allowances

• Companies that relocate their tax residency to Hungary via cross-border transformations will now have 75 days to declare previously held participations.
• Corporate demergers may qualify as tax-neutral asset transfers, and in the event of partial non-performance, tax base adjustments can be made proportionally.
• The R&D tax base reduction cap increases to HUF 150 million, making the incentive more attractive for innovative businesses.

🧮 VAT and E-Receipt Reporting: Deadlines Extended, Obligations Expand

• The mandatory electronic receipt data reporting has been postponed to 1 September 2026.
• From the same date, VAT taxpayers will face broader data reporting requirements.

This postponement offers valuable preparation time, but companies should act now to ensure IT systems and workflows are ready.

🌍 Global Minimum Tax: Accounting Adjustments Required

The global minimum tax introduces new compliance requirements, including:

• Deferred tax liabilities must be recorded in the accounts to reflect expected top-up tax obligations.
• The deadline for filing the supplemental taxpayer status declaration has also changed.

This change affects both tax and financial reporting, so accounting teams must prepare accordingly.

🌱 Sustainability Reporting: Two-Year Grace Period Granted

The obligation to prepare sustainability reports is delayed by two years, giving companies additional time to collect data and set up internal reporting frameworks. However, the obligation remains and should not be ignored.

👨‍👩‍👧 Personal Income Tax: New Family Tax Benefits Introduced

Starting in 2025, several new personal income tax allowances take effect:

• For mothers under 30,
• For mothers with two or three children,
• And for those receiving childcare benefits (e.g. GYED, GYES).

In addition, the priority order of tax benefits is changing, requiring updates to payroll processes and internal policies.

🔍 Tax Audits: Extended Deadlines for Chain Transactions

In cases involving chain transactions across multiple taxpayers, the tax authority:

• May extend the audit deadline up to 365–540 days for trusted taxpayers,
• Or set it at 540 days by default for others.

This means longer review periods and a higher need for precise documentation and internal controls.

What Should You Do Now?

These legislative changes are extensive and affect more than just the finance department. They touch on tax strategy, accounting compliance, payroll, and even digital infrastructure.

We’re here to help.
Our tax and accounting advisory team can:

• Evaluate how the changes affect your specific business,
• Help you plan and implement the necessary steps,
• And ensure full compliance in the evolving regulatory environment.

👉 Reach out to us today so you can face these changes confidently – and ahead of time.