Taxes in Europe Database v2
Section 4/A. on the Special Tax of Financial Institutions in Act LIX of 2006 on the Introduction of Special Tax and Bankers' contribution Intended to Improve the Balance of Public Finances.
The taxpayers are:
Special tax base:
1. in the case of credit institutions, the tax base is the adjusted balance-sheet total calculated based on the annual financial statement of 2009;
2. in the case of other financial institutions the tax base is:
a) for financial enterprises,
aa) interest income, and
ab) income from fees, charges and commissions
calculated based on the financial statement of 2009;
b) for investment firms, the adjusted net turnover calculated based on the annual account drawn up for 2009 according to the Government Decree on the Special Provisions Regarding the Annual Reporting and Bookkeeping Obligations of Investment Firms,
c) for exchange market operators, the tax base is the adjusted net turnover calculated based on the annual financial statement of 2009,
d) for commodity dealers and venture capital fund management companies, the adjusted net turnover calculated based on the financial statement of 2009,
The amount of special tax of financial institutions, payable by credit institutions for the financial year shall be decreased - not to exceed the amount thereof - by the amount paid (payable) under the title of special tax of credit institutions for the financial year (tax year).
Rate of special tax:
a) in the case of credit institutions 0.15 per cent of the tax base up to 50 billion forints, and 0.53 per cent for any sum over 50 billion forints;
b) in the case of other financial institutions:
ba) 6.5 per cent for financial enterprises,
bb) 5.6 per cent for investment firms,
bc) 5.6 per cent for exchange market operators,
bd) 5.6 per cent for commodity dealers and venture capital fund management companies.
Financial institutions are required to assess, declare and pay special tax for the year 2015 as well.
Financial institutions asses their payment liability for payment of special tax by 10 March 2015 and declare it on a special form specified to due dates, and pay it quarterly, in four equal installments by the 10th day of the last month of each quarter.
Financial institutions established between 2010-2014 without predecessor, and taxpayers whose financial year differs from the calendar year shall assess the special tax by 10 September 2015 based on the annual accounts relating to the last completed financial year, declare it on a special form specified to due dates, and pay it in two equal installments by 10 September and 10 December.
The tax is collected by the National Tax and Customs Administration.