• United States terminates double tax treaty with Hungary

    U.S. Treasury Department is terminating the double taxation treaty concluded with Hungary in 1979.

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  • Transfer pricing and financial transactions

    On February 11th, 2020 the OECD released the technical guidance on the transfer pricing aspects of financial transactions (FTs).

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  • Extra profit surtaxes: detailed rules are announced

    Government Decree on the new surtaxes was published in the Hungarian Official Gazette on 4 June 2022.

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  • Extra profit surtaxes: major mid-year tax package arrives

    Besides the banking sector, the energy sector, retail chains and telecommunication firms, the pharmaceutical distributors and airlines are also hit by the proposal, as well as the advertising tax is set to be reintroduced again.

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