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Article: European Commission calls on Hungary to change law on R&D tax incentives.
- Article from:
- Hungary Business News
- Article date:
- April 3, 2008
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European Commission calls on Hungary to change law on R&D tax incentives
BUDAPEST. APRIL 3. INTERFAX CENTRAL EUROPE - The European Commission formally requested Hungary on Thursday to change its tax law provisions which limit the granting of a tax incentive to taxpayers who engage in research or development (R&D) activities in Hungary, the EC said in a statement.
"The provisions are incompatible with the freedom to provide services as guaranteed by [the EC Treaty]," the Commission said.
The request takes the form of a reasoned opinion, the second step of the infringement procedure provided for in the EC Treaty. If there is no satisfactory ...