Specialities of the Corporate Tax in Connection with the Sports Organizations

In 2004 Hungary joined the EU, therefore its tax system is harmonized with EU directives and its trade with the EU is liberalized and exempt from customs restrictions. In the past few years Hungarian government introduced significant corporate tax advances in order to increase Hungary’s competitiveness for foreign capital. With the flat 10% corporate tax rate, Hungary has one of the the lowest corporate income tax rate in the European Union. Since 2011 new corporate tax incentive was adopted in order to create a tax advantageous economic environment for supporting the five most popular team sports in Hungary, namely, football, handball, basketball, water polo and ice hockey. The following article provides a rough guide on the corporate taxation – in particular of sport organizations in Hungary.


Issue Date:
Mar 15 2015
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 1789-7874 (Other)
PURL Identifier:
http://purl.umn.edu/210588
Published in:
APSTRACT: Applied Studies in Agribusiness and Commerce, Volume 09, Number 1-2
Page range:
15-18
Total Pages:
4
JEL Codes:
H25
Series Statement:
9
1-2




 Record created 2017-04-01, last modified 2017-08-28

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