Business News from Hungary by Peterka & Partners

Tax exemption for contribution of intellectual property
From 1 January 2025, the creation of companies with innovative intellectual property with a market value will be encouraged by ensuring that, in the event of a transfer of intellectual property, the person who created the intellectual property (the original owner) will not be liable to pay tax on the value of the intellectual property as defined in the agreement.
No more tax on extra profits of airlines
The special tax on “extra profits” of airlines will be phased out from 1 January 2025. The last time airlines subject to the contribution needed to comply with the obligations was December 2024, according to the legislation currently in force.
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