European Foundation
for the Improvement of
Living and Working Conditions

The tripartite EU agency providing knowledge to assist
in the development of better social, employment and
work-related policies

EU PolicyWatch

Database of national-level policy measures

Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure HU-2020-18/710 – measures in Hungary

Mandatory contribution to COVID-19 defence fund from banking and retail sectors

A Járványügyi Alap támogatása a banki és kiskereskedelmi szektorban

Country Hungary , applies nationwide
Time period Temporary, 01 May 2020 – 31 December 2020
Context COVID-19
Type Legislations or other statutory regulations
Category Promoting the economic, labour market and social recovery into a green future
– Support for spending, stimulus packages
Author Nóra Krokovay (KOPINT-Tárki) and Eurofound
Measure added 16 April 2020 (updated 15 June 2022)

Background information

Under government decrees 108/2020 (banks) and 109/2020 (retail), large companies in these two sectors must pay a mandatory contribution to the country’s COVID-19 defence efforts. The contributions will be paid in three equal parts in June, September and December 2020 using the companies’ deductible tax base from 2019 to calculate the amount of their contribution in different rate bands. The COVID Defence Fund’s planned expenditures are listed in government decree 92/2020.

Content of measure

In the retail sector, no contribution must be paid below a tax base of HUF 500 million (€1.40 million). From a tax base of HUF 500 million to – 30 billion (€84.5 million) the contribution is 0.1%, from HUF 30 billion to 100 billion (€281.5 million) it is 0.4% and above HUF 100 billion it is 2.5%. For banks the contribution is 0.19% of the tax base if it was above HUF 50 billion in 2019. The pandemic contribution can be deducted from tax gradually over five years after the state of emergency is lifted. Retailers can ask for an exemption if their revenues fall by more than 40%. The government expects to collect HUF 55 billion (€155 million) from the financial sector and HUF 36 billion €101 million) from the retail sector.

Use of measure

The government has said it would use the COVID Defence Fund adding up to HUF 533 billion (€1.52 million) in total, including other state sources, for procurement of supplies and investments, an earlier-decided increase in healthcare workersʼ salaries, and a one-off HUF 500,000 per month (€1,408) health-care workers' bonus.

Target groups

Workers Businesses Citizens
Does not apply to workers Sector specific set of companies
Larger corporations
Does not apply to citizens

Actors and funding

Actors Funding
National government
Company / Companies

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Informed Consulted
Form Not applicable Unknown

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Unknown


The Banking Association was consulted before adopting the measure. The National Trade Association (OKSZ) was informed.

Views and reactions

The relevant sectors accepted the need for the contribution.

Sectors and occupations

    • Economic area Sector (NACE level 2)
      G - Wholesale And Retail Trade; Repair Of Motor Vehicles And Motorcycles G46 Wholesale trade, except of motor vehicles and motorcycles
      G47 Retail trade, except of motor vehicles and motorcycles
      K - Financial And Insurance Activities K64 Financial service activities, except insurance and pension funding

This case is not occupation-specific.


  • 04 April 2020: New extra tax to hurt Tesco, Spar, Lidl, Aldi most (
  • 06 April 2020: Government decree 92/2020
  • 07 April 2020: Govʼt issues decree on pandemic defense funding (EN) (
  • 09 April 2020: Banking Association's President Statement (press release) (
  • 14 April 2020: Government decree 108/2020
  • 14 April 2020: Government decree 109/2020
  • 14 April 2020: Decree on banks' special tax out (
  • 15 April 2020: Extra retail tax: Shops to get bitter surprise (


Eurofound (2020), Mandatory contribution to COVID-19 defence fund from banking and retail sectors, measure HU-2020-18/710 (measures in Hungary), EU PolicyWatch, Dublin,


Eurofound publications based on EU PolicyWatch

30 January 2023


Measures to lessen the impact of the inflation and energy crisis on citizens

Governments across the EU continue to implement policies to support citizens and businesses in the face of rising food and energy prices caused by the COVID-19 crisis and intensified by the war in Ukraine. This article summarises the policy responses as reported in Eurofound's EU PolicyWatch database from January to September 2022.


12 September 2022


First responses to cushion the impact of inflation on citizens

Although the worldwide pandemic situation had already disrupted supply chains and triggered increases in energy and food prices in 2021, the situation deteriorated in 2022 with the Russian invasion of Ukraine.


12 September 2022


Policies to support EU companies affected by the war in Ukraine

This article summarises the first policy responses that governments across the EU have started to implement to support companies affected by the rising prices, and those with commercial ties to Ukraine, Russia or Belarus.


5 July 2022


Policies to support refugees from Ukraine

This article summarises the first policy responses of EU Member States, including those of the social partners and other civil society actors, enabling refugees to exercise their rights under the Temporary Protection Directive.


Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.