Mazars Hungary Tax Newsletter No. 02/2009

Certain tax law changes passed by the Parliament at the end of 2008 resulted in further administrative burdens for those enterprises whose business had already been affected by the economic crisis. The original aim of these tax modifications was to develop a stronger control system. However, these restrictive provisions only complicated the daily activity of companies in an already difficult economic situation. Therefore, to reduce the administrative burdens on companies, certain rules were repealed and modified on 13 March 2009.