Hungary
Category | Description |
---|---|
Ownership Tax Benefits |
Hungary - Ownership Tax Benefits Cars with green plates are exempt from paying vehicle tax and property transfer tax. Other cars pay vehicle tax and transfer tax regressively, based on the age of the vehicle, and its engine power. |
Registration Tax Benefits |
Hungary - Registration Tax Benefits Cars with green plates (environmentally friendly cars) have environmental classifications of "5E" (100% electric), "5N" (plug-in hybrid), "5P" (100% electric for at least 50 km), or "5Z" (zero emission cars), which are exempt for paying registration tax. For other cars, the system is progressive, with different levels of technical properties (engine capacity and environmental classification) that pay different amounts of registration tax. Registration tax for regular hybrids is € 209. |
Local Incentives |
Hungary - Local Incentives Free Parking: - Parking benefits - Free parking while charging Low / Zero Emission Zones - Traffic allowance during smog alert |
Company Tax Benefits |
Hungary - Company Tax Benefits Environmentally friendly cars are excluded from the scope of the law for company car tax. |
Purchase Subsidies |
Hungary - Purchase Subsidies Since May 2017, Hungary has opened three different purchase subsidy calls for natural and private persons (companies, public organisations, etc.). For 2020 the subsidy amounts for electric passenger cars that meet the conditions are: New electric passenger car for sale or private lease (private usage): € 6.950 or 50% of purchase price, if it is between € 2.800 and € 30.500 New electric passenger car for sale or private lease (business purposes): max. 55% of purchase price, if it is between € 2.800 and € 41.700. Conditions: Budget |
Ownership Tax Benefits |
Hungary - Ownership Tax Benefits Cars with green plates are exempt from paying vehicle tax and property transfer tax. Other cars pay vehicle tax and transfer tax regressively, based on the age of the vehicle, and its engine power. |
VAT Benefits |
Hungary - VAT Benefits With regard to VAT, the same rules apply to these vehicles as to any other passenger car (50% of the operating VAT is deductible). |
Other Financial Benefits |
Hungary - Other Financial Benefits From 01.01.2017, a tax credit can be used in the corporate tax for the acquisition of assets for energy efficiency purposes. The tax credit does not constitute de minimis aid and can be claimed for 6 tax years, up to a maximum of 70% of the calculated tax. The tax benefit is differentiated progressively based on the geographical region and size of the company, but no more than € 15 million. |
Infrastructure Incentives |
Hungary - Infrastructure Incentives Total cost of electric charging stations is deductible from the corporate tax (since 2017). |
Announced policy changes |
Hungary - Announced policy changes Support of the electric vehicles: reduction of the outdated import vehicles + continuously providing the non-monetary incentives (like green license plate) until 2030 |
Category | Description |
---|---|
Ownership Tax Benefits |
Hungary - Ownership Tax Benefits Cars with green plates are exempt from paying vehicle tax and property transfer tax. Other cars pay vehicle tax and transfer tax regressively, based on the age of the vehicle, and its engine power. |
Registration Tax Benefits |
Hungary - Registration Tax Benefits Cars with green plates (environmentally friendly cars) have environmental classifications of "5E" (100% electric), "5N" (plug-in hybrid), "5P" (100% electric for at least 50 km), or "5Z" (zero emission cars), which are exempt for paying registration tax. For other cars, the system is progressive, with different levels of technical properties (engine capacity and environmental classification) that pay different amounts of registration tax. Registration tax for regular hybrids is € 209. |
Local Incentives |
Hungary - Local Incentives Free Parking: - Parking benefits - Free parking while charging Low / Zero Emission Zones - Traffic allowance during smog alert |
Company Tax Benefits |
Hungary - Company Tax Benefits Environmentally friendly cars are excluded from the scope of the law for company car tax. |
Purchase Subsidies |
Hungary - Purchase Subsidies Since May 2017, Hungary has opened three different purchase subsidy calls for natural and private persons (companies, public organisations, etc.). For 2020 the subsidy amounts for electric passenger cars that meet the conditions are: New electric passenger car for sale or private lease (private usage): € 6.950 or 50% of purchase price, if it is between € 2.800 and € 30.500 New electric passenger car for sale or private lease (business purposes): max. 55% of purchase price, if it is between € 2.800 and € 41.700. Conditions: Budget |
Ownership Tax Benefits |
Hungary - Ownership Tax Benefits Cars with green plates are exempt from paying vehicle tax and property transfer tax. Other cars pay vehicle tax and transfer tax regressively, based on the age of the vehicle, and its engine power. |
VAT Benefits |
Hungary - VAT Benefits With regard to VAT, the same rules apply to these vehicles as to any other passenger car (50% of the operating VAT is deductible). |
Other Financial Benefits |
Hungary - Other Financial Benefits From 01.01.2017, a tax credit can be used in the corporate tax for the acquisition of assets for energy efficiency purposes. The tax credit does not constitute de minimis aid and can be claimed for 6 tax years, up to a maximum of 70% of the calculated tax. The tax benefit is differentiated progressively based on the geographical region and size of the company, but no more than € 15 million. |
Infrastructure Incentives |
Hungary - Infrastructure Incentives Total cost of electric charging stations is deductible from the corporate tax (since 2017). |
Announced policy changes |
Hungary - Announced policy changes Support of the electric vehicles: reduction of the outdated import vehicles + continuously providing the non-monetary incentives (like green license plate) until 2030 |
