Income tax of energy suppliers (commonly known as Robin Hood tax) is payable by energy suppliers and public utility suppliers including the Hungarian establishments of foreign companies also.
Energy suppliers are:
- mining companies as defined in the Act on Mining performing hydrocarbon extraction,
- producers of mineral oil products and wholesalers of mineral oil products with an excise license,
- natural gas trading license holders as defined in the Act on Natural Gas Supply,
- electricity trading license holders as defined in the Act on Electricity,
- electricity generation license holders as defined in the Act on Electricity, including from the generators selling electricity in the compulsory electricity off-take system only the generation license holders operating a power plant with built-in capacity of at least50 MW,
- universal service providers as defined in the Act on Electricity,
- distribution license holders as defined in the Act on Electricity,
- universal service providers as defined in the Act on Natural Gas Supply,
- distribution license holders as defined in the Act on Natural Gas Supply.
Public utility suppliers are:
- water utility service providers as defined in the Act on Water Utility Service,
- public utility service providers licensed to collect household waste water not collected using public utilities as defined in the Act on Water Management,
- public utility service providers as defined in the Act on Waste providing public waste management service.
The base of the income tax is the positive amount of pre-tax profit adjusted for the items specified by the act and not including the income attributable to foreign establishments taxable abroad. The tax rate is 31 percent.
The calculated tax amount may be reduced by up to 50 percent by the amount of development tax allowance not applied for corporate tax purpose. In addition, the income tax is also reduced up to maximum its amount by the amount of mining fee payable for the tax year but maximum 1.5 billion forints.
The tax is payable in the form of tax advance. The income tax advance is payable monthly in equal instalments if the tax payable in the previous tax year exceeded 5 million forints, otherwise tax advance is payable in equal quarterly instalments.