Hungary signed the Addendum to the CRS MCAA on 8 September 2025.
According to an OECD update, Hungary signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on 8 September 2025.
The addendum incorporates the 2023 updates to the Common Reporting Standard (CRS), expanding the range of reportable information, such as details on crypto-assets, and strengthening reporting obligations and due diligence processes.
These updates aim to improve the CRS’s role in addressing international tax compliance challenges.