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Is the annual revenue limit to qualify for this tax bracket HUF 8 million, or should the months of exemption be disregarded in this respect and the 40 percent tax remains applicable to the part of annual revenue exceeding HUF 12 million?
In other words, is the annual revenue limit to qualify for this tax bracket HUF 8 million, or should the months of exemption be disregarded in this respect and the 40 percent tax remains applicable to the part of annual revenue exceeding HUF 12 million?
The Government Decree contains no provisions indicating that exemption should result in a reduction of the annual revenue limit. The relevant regulation of the Government Decree only states that the small business tax need not be paid for these months and non-payment does not affect being subject to small business tax. Therefore, exemption is not equivalent to the exemption arising from the legal status and circumstances defined in Section (9) of § 8 of the Small Business Tax Act. Exemption by virtue of the Government Decree shall not entail a reduction in revenue limit, so for businesses enjoying such exemptions, it shall remain HUF 12 million.
Source: National Tax and Customs Administration (NAV)
The Government Decree contains no provisions indicating that exemption should result in a reduction of the annual revenue limit. The relevant regulation of the Government Decree only states that the small business tax need not be paid for these months and non-payment does not affect being subject to small business tax. Therefore, exemption is not equivalent to the exemption arising from the legal status and circumstances defined in Section (9) of § 8 of the Small Business Tax Act. Exemption by virtue of the Government Decree shall not entail a reduction in revenue limit, so for businesses enjoying such exemptions, it shall remain HUF 12 million.
Source: National Tax and Customs Administration (NAV)