Who has the best IP tax regime?
As the UK announces the details of its Patent Box, local lawyers from six jurisdictions in Europe explain how their tax incentives work and their relative successes
1. The tax incentives
The general corporate tax rate in Hungary is 10% up to a Ft500 million ($2 million) corporate income and 19% on everything above that. However, as a result of corporate income tax benefit for intellectual property, a Hungarian company is entitled to decrease its corporate income tax base by 50% of any IP royalties received, up to a maximum of 50% of the pre-tax profit....
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