Hungarian Conservative

From 2010 the Hungarian government changed the previous approach to taxation entirely. This meant a significant reduction in taxes on labour, leaving more money for employers and employees, a huge improvement in the efficiency of consumption tax collection, and the most attractive corporate tax rate in the EU. The government has no plans to increase tax rates but is developing innovations that will make tax compliance simpler, less administrative and more efficient for both the tax administration and the taxpayer. It is fair to say that Hungary’s tax innovation has now become a best practice for the EU.