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innovation contribution

Business associations not qualifying as SME-s falling under the scope of the Act on Accounting are obliged (subject to certain exemptions) to pay innovation contribution in Hungary. The base of innovation contribution is same as the local business tax base calculated without tax allowances and not including the part of the business tax base relating to the site established abroad. 

The tax rate is 0.3 percent. The taxable persons obliged to pay innovation contribution have to pay contribution advance quarterly until the 20th day of the month following the quarter concerned. 

Taxpayers have to prepare returns on their contribution payment obligation annually the filing deadline of which is the last day of the fifth month of the tax year following the tax year concerned. 

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