Hungary considers digital currency investor tax cut for COVID stimulus
Business
Digital currency investors in Hungary could be in line for a tax cut as part of new stimulus measures being proposed by the government designed to make the country more competitive.
Authorities in Hungary are weighing proposals which would slash the applicable rate of tax on digital currency gains down from 30.5% to just 15%, part of a package of measures being rolled out to help boost economic recovery in the wake of the damage caused by COVID-19 restrictions.
In a recently published video, Finance Minister Mihály Varga set out a range of measures on the table through 2022, with the digital currency tax measures expected to play a significant role in making Hungary a more tax-competitive jurisdiction.