The development tax benefit. (18) The development tax benefit (‘tax benefit’), by the Ministry of Finance (granting authority) is based on Act LXXXI of 1996 ‘on Corporate Tax and Dividend Tax’ (16) and Government Decree No 165/2014 ‘on Development Tax Incentive (VII.17.)’ (17), an aid scheme (18) implemented under the GBER, allowing aid in the form of tax benefits for certain investments. The tax benefit constitutes an individually notifiable case of application of the above-mentioned aid scheme since the total aid amount (cash grant and development tax benefit) exceeds the notification threshold laid down in Article 4(1)(a) of the GBER (recital (106)). The annual amount of the tax benefit to be utilised may not exceed 80 % of the annual payable corporate tax of the beneficiary. The available tax benefit may be utilised in thirteen consecutive fiscal years at most, but no later than in the sixteenth fiscal year (tax year) after the fiscal year when the application is submitted.
