Hungary abolishes carbon quota tax, eases several business taxes

From July 31, Hungary introduced a suite of tax and customs reforms. The carbon‑quota tax was eliminated and the tax authority (NAV) will refund previously paid amounts, including interest, to companies that file a claim within 90 days.

Retail tax rules were relaxed: enterprises linked through splits, divestitures or asset transfers no longer have to aggregate revenue for tax purposes. VAT filing requirements remain unchanged, but firms may use an extended data format that can avoid data‑matching procedures.

Customs procedures are being streamlined: electronic customs declarations can now trigger automated decision‑making, and organisational signatures can be applied without finance‑ministry intervention, speeding up clearance. Additional tax categories—immigration surcharge, municipal tax and a beverage contribution—are set to disappear from January 2027.