Hungary imposes windfall tax on drug producers - govt decree

Richter Gedeon Vegyeszeti Gyar Nyrt

24/12/2022 07:44

BUDAPEST, Dec 24 (Reuters) - Hungary's government
imposed a windfall tax on drug producers which will be based on
their net revenues generated in 2022 and 2023, according to a
decree published late on Friday. 
    The rate of the tax increases progressively, and will be 8%
on net revenues exceeding 150 billion forints ($398.36 million).
The companies will have to pay the new windfall tax for 2022 and
2023 both next year. 
($1 = 376.5400 forints)
 (Reporting by Krisztina Than)
 ((krisztina.than@thomsonreuters.com;))