Archive: Hungary

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US: Senate Foreign Relations Committee holds hearing on proposed income tax treaties and protocols, including proposed US – Chile Treaty [TAX ALERT]

US: Senate Foreign Relations Committee holds hearing on proposed income tax treaties and protocols, including proposed US – Chile Treaty [TAX ALERT]

March 25, 2014. Tags: , , , , , , ,

On 26 February 2014, the Senate Foreign Relations Committee (the Committee) held a hearing regarding five proposed income tax treaties and protocols, including considering for …

Hungary: implementing decree on stability savings account (tax amnesty regime) published

Hungary: implementing decree on stability savings account (tax amnesty regime) published

January 10, 2014. Tags: , ,

On 17 December 2013, in the Official Gazette, the Ministry for National Economy published the decree laying down the detailed rules on the stability savings …

Hungarian Parliament approves 2014 tax amendments [TAX ALERT]

Hungarian Parliament approves 2014 tax amendments [TAX ALERT]

January 8, 2014. Tags: , ,

On 18 November 2013, the Hungarian Parliament approved the proposed amendments to tax and contribution rules to be effective as of 1 January 2014. This Alert …

European Union and Hungary: ECJ decision (VAT): Hungarian conditions for VAT exempt exports incompatible with EU VAT directive

European Union and Hungary: ECJ decision (VAT): Hungarian conditions for VAT exempt exports incompatible with EU VAT directive

January 3, 2014. Tags: , , ,

On 19 December 2013, the Court of Justice of the European Union (ECJ) gave its decision in the case of BDV Hungary Trading Kft. (in …

Hungary: tax laws for 2014 – enacted

Hungary: tax laws for 2014 – enacted

December 30, 2013. Tags: ,

The bill implementing tax laws for 2014 was enacted on 18 November 2013.

Hungarian Government submits 2014 tax amendments to Parliament [TAX ALERT]

Hungarian Government submits 2014 tax amendments to Parliament [TAX ALERT]

December 18, 2013. Tags: , ,

On 18 October 2013, the Hungarian Government submitted its proposal on amendments to tax and contribution rules with respect to 2014 to the Parliament. Final votes …

Hungary: tax laws for 2014 – further amendments to corporate income tax

Hungary: tax laws for 2014 – further amendments to corporate income tax

December 17, 2013. Tags: , , ,

Further to the details of the original bill on the amendments to the Law on Corporate Income Tax and Dividend Tax, the final tax package, …

European Union and Hungary: European Commission closes infringement procedure against Hungary regarding telecommunication tax

European Union and Hungary: European Commission closes infringement procedure against Hungary regarding telecommunication tax

October 10, 2013. Tags: , , ,

It was announced on 26 September 2013 that the infringement procedure (Case C-462/12) against Hungary regarding its telecommunication tax was closed by the European Commission …

Hungary: Parliament adopts tax measures

Hungary: Parliament adopts tax measures

July 5, 2013. Tags:

On 27 June 2013, the Parliament adopted the tax measures that were designed to raise extra revenue to compensate the effect of falling inflation, and …

Hungary: new transfer pricing documentation rules gazetted

Hungary: new transfer pricing documentation rules gazetted

July 2, 2013. Tags: , , ,

On 18 June 2013, the decree of the Ministry for National Economy modifying the current transfer pricing (TP) documentation requirements, under Decree 22/2009 (X.16.) of …

Hungary: financial transaction levy and Robin Hood Tax may increase, if EU excessive deficit procedure continues

Hungary: financial transaction levy and Robin Hood Tax may increase, if EU excessive deficit procedure continues

May 17, 2013. Tags: , , ,

The Minister for National Economy announced, on 10 May 2013, that Hungary may increase the financial transaction levy and the Robin Hood Tax, levied mainly …

Hungary submits tax package to Parliament [TAX ALERT]

Hungary submits tax package to Parliament [TAX ALERT]

April 11, 2013. Tags: , , ,

The Hungarian Government has submitted a small tax package to Parliament as a part of the bill on tax cooperation. The new bill on certain rules …

New opportunities for crossborder company migration [TAX ALERT]

New opportunities for crossborder company migration [TAX ALERT]

April 10, 2013. Tags: , , ,

On 12 July 2012, the Court of Justice of the European Union (CJEU) issued a ruling on the interpretation of freedom of establishment of companies, …

Hungary: Significant changes to the green tax system

Hungary: Significant changes to the green tax system

December 14, 2012. Tags: , , ,

Hungary implemented significant changes to its environmental taxation system, effective 1 January 2012. To help companies with their questions, we detail the implications for their business.

New Hungary-Taiwan income tax treaty enters into force

New Hungary-Taiwan income tax treaty enters into force

January 27, 2011. Tags: , , ,

The new Hungary-Taiwan income tax treaty (Treaty) entered into force on 29 December 2010. From the relatively few treaties Taiwan has concluded, most are with …

Hungarian government proposes to reduce corporate tax rate to 10%

Hungarian government proposes to reduce corporate tax rate to 10%

October 22, 2010. Tags: ,

The Hungarian government submitted to parliament two tax bills, the provisions of which include the reduction of corporate and personal income taxes, as well as …

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