Despite the severe damage inflicted by COVID-19 on the Russian economy, the government and businesses have agreed that the local IT sector needs state incentives and support. Calls for accelerated development and state support for the local IT sector were among the main messages of several state agencies when the Russian president and government announced a series of tax benefits for the IT industry.

A bill to exempt the minimum wage from personal income tax in order to reduce the tax burden on low wages was submitted to the Hungarian Parliament on 20 September 2021. The proposal aims to amend the Personal Income Tax Act. According to the preamble of the bill, the exemption is necessary, since the income of minimum wage earners is increasingly falling behind average earnings and the total tax burden on wages is one of the highest in Europe.

Extended loan moratorium, tax return for families, exemption for personal income tax for young adults under 25, new pension premium are the most important tax changes in connection with the central budget as off 2022.

Hungary joins global minimum corporate tax agreement, as Mihály Varga, Finance Minister on Hungary announced on 8 October 2021. Mr. Varga highlighted three key points of the deal for Hungary.

The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (IF) has agreed on 8 October 2021 a two-pillar solution to address the tax challenges arising from the digitalisation of the economy. The Republic of Serbia is one of 136 jurisdictions that have agreed to the solution.

Two laws of 15 July 2021 on amending transitional provisions of the Tax Code and the Customs Code of Ukraine "to promote the development of ecological transport in Ukraine" (Nos. 1660-ix, 1661-ix) will introduce some tax and customs facilitations with effect from 1 January 2022.