hungary 1. Start Date 27 September 2010 2. Entities Subject to Levy Levy applies to credit institutions and other financial entities Hungarian banks and (most likely) their foreign branches Hungarian branches of foreign banks 3. Tax Base Adjusted balance sheet total (for 2013 this was still based on the balance sheet as at 2009) The following are excluded from the tax base: Debt receivables arising from interbank loans, securities and shares issued by other credit institutions, financial enterprises or investment companies Loans, subordinated loans and supplementary subordinated loans granted to financial enterprises and investment companies (including reverse placement transactions, repurchase agreements and delivery repurchase agreements concluded with such institutions) 3. Tax Rate bn = 0.15% ≥ HUF 50 > HUF 50 bn = 0.53% 5. Tax deductibility No. 6. Use of Revenue
hungary 1. Start Date 27 September 2010 2. Entities Subject to Levy Levy applies to credit institutions and other financial entities Hungarian banks and (most likely) their foreign branches Hungarian branches of foreign banks 3. Tax Base Adjusted balance sheet total (for 2013 this was still based on the balance sheet as at 2009) The following are excluded from the tax base: Debt receivables arising from interbank loans, securities and shares issued by other credit institutions, financial enterprises or investment companies Loans, subordinated loans and supplementary subordinated loans granted to financial enterprises and investment companies (including reverse placement transactions, repurchase agreements and delivery repurchase agreements concluded with such institutions) 3. Tax Rate ≥ HUF 50 bn = 0.15% > HUF 50 bn = 0.53% 5. Tax deductibility No. 6. Use of Revenue