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Hungary: Sports subsidies treated as tax deductible expenses

It has been reported that the Hungarian parliament has approved an incentive for socalled ?spectator team sports?. These sports include soccer, handball, basketball, waterpolo and ice hockey. Subsidies paid by unrelated taxpayers to sports organizations will become tax deductible. An additional tax allowance from the amount of tax due can be obtained in the tax year when the subsidy is granted and in the subsequent three tax years. The tax allowance is granted up to the amount indicated in the certificate issued by the subsidized organization. The new rules will apply 15 days after the clearance of the European Commission.
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The editors of  the Journal Sports Law & Taxation are Professor Ian Blackshaw and Dr Rijkele Betten, with specialist contributions from the world's leading practitioners and academics in the sports law and taxation fields.

The Editors

Managing editor
Dr. Rijkele Betten

Consulting editor
Prof. Dr. Ian S. Blackshaw

Editorial board

Prof. Guglielmo Maisto
Maisto e Associati, Milano

Dr. Dick Molenaar
All Arts Tax Advisors, Rotterdam


Mr. Kevin Offer
Hardwick & Morris LLP, London

Mr. Mario Tenore
Maisto e Associati, Milano


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