The government plans to offer tax breaks to those investing into Hungarian startups in the hope of generating HUF 40-60 billion capital available for them, Ministry of National Economy deputy state secretary Norbert Izer has said. Those investing would get back 25pc of the investment as a corporate tax break, similar to German regulations, Izer said. The preference would be available in the year of the investment and the consecutive three years in equal parts up to HUF 20 million a year. Businesses with no more than three years of operation with sales of HUF 100 million, employing less than 20 people and without ownership stakes in other businesses would qualify as startups under the plan. Investors availing of the tax break would have to operate a profitable local business and have no tax arrears. The tax break would result in a budget revenue shortfall of HUF 10-15 billion a year.