• Identify and implement changes needed in the Hungarian tax legislation with the aim of making it more competitive and assisting members in their advocacy efforts;
  • Respond to members’ common upcoming requests with direct dialogue with decision-makers;
  • Provide members with the opportunity to keep up to date with tax changes and key developments;
  • Continuously update the AmCham Board about the developments in the tax law changes and discuss with the Board on how to comment these changes 


The Tax Committee is very proud that due to consistent, structured and constructive dialogue with the government, the corporate income tax rate was lowered to 9% in January 2017, which substantially contributes to the improvement of the investment climate and our regional and global competitiveness.

Future goals

The committee plans to:

  • develop tax and business environment related recommendations and positions;
  • follow-up policy recommendations, active involvement and organization of meetings with key decision makers, including Norbert Izer, State Secretary of the Ministry of Finance, and with the representative of the National and Customs Administration;
  • develop tax and business environment related recommendations for the Fourth Business Meets Government Summit 2019 - in cooperation with the Investment PTF.

Main activities and achievements in 2020

online tax committee meeting

On June 10, 2020 AmCham’s Tax Committee held its third online meeting to discuss their current issues and experiences. Participants highlighted the need for further modification of tax regulation and agreed on some proposals to be forwarded to the governmental bodies. Károly Radnai, Tax Committee Lead indicated that he would raise the questions and issues at the forthcoming State Secretary meeting at the Ministry of Finance.

online tax committee meeting

On April 28, 2020, AmCham’s Tax Committee members met virtually to share their views on the latest governmental actions and work on new recommendations. Károly Radnai, Tax Committee Lead, summed up many of the measures in which our proposals submitted at the end of March were taken into account. Károly thanked the members for their active participation and valuable contribution. The Committee continued to work on further suggestions to the decisionmakers, based on their current experiences.

online tax committee meeting

On 24 March 2020 AmCham’s Tax Committee met online to discuss the current economic lockdown caused by covid-19 and to agree what governmental actions would be needed.

Károly Radnai, Tax Committee Lead, emphasized that the previous recommendations of the Committee presented to the government in AmCham’s advocacy document „Cooperation for a More Competitive Hungary 2020” are very timely, even in the current situation.

The more than 20 participants analyzed the extraordinary tax measures released by the government the last days to mitigate the impact of the coronavirus on the national economy. The Committee made further suggestions to the decisionmakers, based on their present problems and challenges. These recommendations include postponements of payment and reporting deadlines, new elements to the cafeteria system, e-invoicing and many other initiatives.

AmCham has already submitted the requested measures to the governmental bodies. You can read these new recommendations here.

Main activities and achievements in 2019

Extraordinary Tax Committee Meeting with Attila Czinege, Professional Director General Of the National Tax and Customs Administration (NAV) 

On January 17, AmCham’s Tax Committee welcomed Attila Czinege, Professional Director General Of the National Tax and Customs Administration (NAV) at an extraordinary Committee meeting. At the meeting Committee members had the opportunity to discuss the business implications of recent and planned changes of NAV’s priorities and developments. Mr. Czinege gave a detailed overview of the changes in NAV’s approach and systems of operation. The discussion touched upon a variety of topics including the online platforms (e.g. the online invoicing system), controlling and enforcement procedures, risk management and many more.

Hungary-specific Implications of current developments IN international taxation 

In mid-March, AmCham was invited by the Ministry of Finance to an expert level meeting, where implications of some current developments of international taxation were discussed. AmCham Tax Committee was represented at the meeting by President Dr. Farkas Bársony and topic leader Miklós Sánta.

Exclusive meeting with State Secretary Norbert Izer, Ministry of Finance

On September 18, AmCham Tax Committee Lead Károly Radnai, AmCham CEO Irisz Lippai-Nagy and some of our experts from the Tax Committee met with State Secretary Norbert Izer and his colleagues in the Ministry of Finance.

We had a constructive discussion on the business environment and tax related suggestions from AmCham’s Cooperation for a More CompetitiveHungary” recommendation package in detail such as the burdens of tax administration, anomalies of client gate (“ügyfélkapu, cégkapu”), experiences with corporate tax consolidation, local business tax issues (“hipa”).

Regular meetings between AmCham and the Ministry of Finance provide excellent opportunity for progressive consultation and mutual understanding of key issues with special focus on taxation. All participants agreed to continue this cooperation and work together in order to improve the business environment and our country’s competitiveness through business friendly tax rules and legislation.

Main activities and achievements in 2018

As a follow-up to the III. AmCham-HIPA Business Meets Government Summit held in 2017, the Tax Committee in cooperation with the Investment PTF formulated their recommendations on how to attract higher value added investments to Hungary in line with the “Invented in Hungary” paradigm shift, and how to help increase the country’s competitiveness by creating a competitive, investmentfriendly business and tax environment.
Recommendations were incorporated into the “Cooperation For A More Competitive Hungary 2018” recommendation package that was published in January 2018 and which presented key discussion points for meetings between AmCham and government representatives throughout the year.

On February 15, Tax Committee chair Botond Rencz and AmCham leaders discussed the business environment and tax-related AmCham recommendations in detail with State Secretary István Lepsényi and his expert colleagues from the Ministry for National Economy. 


On September 12, the Tax Committee welcomed State Secretary Norbert Izer at an extraordinary committee meeting, where members had the opportunity to discuss the business implications of recent and planned tax-related government measures with the State Secretary. 

The IV. Business Meets Government Summit was organized on October 1, where the Business Environment roundtable was moderated by Tax Committee Chair Botond Rencz with the participation of distinguished Government representatives.

The Tax Committee has also closely followed the OECD’s Action Plan on Base Erosion and Profit Shifting (BEPS), and the U.S. tax reforms.

Main activities and achievements in 2016

As a follow-up to the first AmCham-HIPA-NHIT Business Meets Government Summit, held on October 27, 2015, the Tax Committee in cooperation with the Investment PTF formulated their recommendations on how to attract more investments into Hungary how to help increase the country’s competitiveness by creating a competitive, investment-friendly business and tax environment. Recommendations were incorporated into the 19-point recommendation package titled “For a more competitive Hungary” that was published and sent to decision-makers in February 2016.

Among business environment related suggestions, the Committee highlighted those aiming to tailor a tax system that provides better support for FDI.

OECD’s Action Plan on Base Erosion and Profit Shifting (BEPS) will fundamentally change the competitiveness strategies countries follow. Profits will be taxed at the place where business activities will be performed.

The Tax Committee has been advocating for a long time that CIT should be gradually decreased in Hungary to flat 10% to improve our investment climate and thus our regional and global competitiveness. The Committee is very proud to report to members that due to structured and constructive dialogue with the government the corporate income tax will be lowered to 9% from 2017.  

AmCham also advocated for the further reduction of bureaucracy and over-regulation in general as it improves Hungary’s international competitiveness. Hungarian regulations are often stricter than the EU standards or the EU requirements. Over-regulation decreases the competitiveness of Hungary against other Central-Eastern European or European countries. It is important to comply but over-regulating is an additional burden to all stakeholders (Government and businesses alike) in terms of time and costs.

11th Annual Regional Tax Conference

On May 5, 2016, AmCham Slovakia hosted the 11th Regional Tax Conference that focused on attractiveness of tax systems as well as latest developments on OECD and EU initiatives on tax evasion and profit shifting. The full-day conference was a joint event of four AmChams (Czech Republic, Hungary, Poland and Slovak Republic); AmCham Hungary was represented by Botond Rencz, Tax Committee Chair.  The conference brought  together Visegrad group countries’ political leaders, tax experts, representatives of public institutions and the business community, as well as experts from the European Commission and the OECD to review best practices and to highlight problems and outline possible solutions. The Hungarian Ministry for National Economy delegated Zoltán Pankucsi Deputy Secretary of State to the conference.

Among several important topics, participants discussed:

  • Tax system attractiveness – how V4 countries can attract more investments by effective tax policy
  • OECD BEPS Initiative/ EU ATAD – measures against tax evasion and practical implications for the V4 region

Guest speaker of the Conference was Arthur Laffer, author of the “Laffer curve”,  who is a Member of President Reagan Economic Policy Advisory Board, a former advisor to Prime Minister Margaret Thatcher, and  a Wall Street Journal columnist.

Second Business Meets Government Summit

The Tax Committee, in cooperation with the Investment PTF prepared and organized a “Business Environment”  roundtable discussion at the Second Business Meets Government Summit held on September 27th, 2016.

State Secretary István Lepsényi represented the Ministry for National Economy  at the closed door discussion moderated by Botond Rencz, where participants discussed some key elements of the envisioned development of the Hungarian economy, where the key target is the transition from employment creation FDI projects to quality and higher value-chain FDI projects. A recommended action point was the cooperation and consultation of business and Government to make Hungary an attractive high value-chain location, initiating paradigm shift.

Other related suggestions included the increase of sustainability and efficiency, the decrease of bureaucracy and the introduction of new subsidies supporting the paradigm shift. Business representatives also confirmed that for future development it is essential to manage the labour shortage challenge.

Committee Chair: Botond Rencz
Committee Coordinator: Judit Szilágyi

*To read the Annual Reports of the previous years, please click here.                                           
For more details on our upcoming projects and events for 2019 please contact the committee chair or the coordinator. 


Andersen in Hungary

Mr. Károly Radnai


Andersen in Hungary
+36 1 920 6800
Zsuzsanna VARGA

Zsuzsanna VARGA


+36 30 5325501