User:AlexB2019/sandbox

Corporate income tax is a type of income and income tax. In Hungary, the 1996 LXXXI. (Tao.) regulates the effective rules of corporate tax. Domestic taxpayers consist of domestic persons as defined by law and of foreign persons for whom the place of operation is in Hungary.

Corporate income tax deals with the tax payable in Hungary on the profits earned by companies.

The Corporate income tax rate is 9% which is one of the lowest tax rates in the European Union.

Domestic taxpayer entities:

- business associations, mergers, European companies,

- the cooperatives and the European cooperatives,

- public companies, trusts, other public entities,

- a company of legal entities, a subsidiary,

- law firms, executive offices, patent attorney offices, notary offices,

- the forest ownership company,

- the water company,

- the Organization of the Employee Ownership Program,

- the foundation, the public foundation,

- the association,

- the public body,

- the ecclesiastical person,

- the housing cooperative,

- the voluntary mutual insurance fund,

- higher education institution, student home.

History of tax rate:

- 18% from 1997 to 2003

- 16% from 2004 to 2005

- 16% from 2006 to 2007, but 10% below the tax base of 5 million HUF (subject to certain conditions)

- 16% from 2008 to 2009, but 10% under a tax base of HUF 50 million (subject to certain conditions)

- 19% by 2016 to 2016, but 10% under the HUF 500 million tax base

- 9% from 2017