Serbia announces protocol to 2001 DTA with Hungary takes effect

27 March, 2025

The amending protocol to the tax treaty between Serbia and Hungary has entered into force. The Serbian Official Gazette made the announcement on 18 March 2025. It stated that the protocol to the 2001 double tax agreement (DTA) between Hungary and

See More

Hungary: Tax Authority releases 2025 audit plan

14 March, 2025

Hungary’s National Tax and Customs Administration (NAV) has published its audit plan for 2025 on 11 March 2025, outlining priorities for tax, customs and law enforcement controls. The plan focuses on securing budget revenues through measures aimed

See More

Switzerland: National Council approves tax treaties with Angola and Jordan, amending protocols with Germany and Hungary

10 March, 2025

The Swiss National Council (Nationalrat) approved the ratification of income tax treaties with Angola, Jordan, and amending protocols with Germany, and Hungary on 5 March 2025. The tax treaty with Angola was signed on 30 November 2023. The treaty

See More

Hungary: Economy minister seeks review of global minimum tax

24 February, 2025

Hungary's National Economy Minister, Márton Nagy, has called for a reassessment of the global minimum tax following the Trump administration's decision to withdraw the US from its commitment to the OECD Global Tax Deal, also known as the two-pillar

See More

Hungary: EU approves reverse charge extension for insolvency supplies

17 February, 2025

Hungary has announced that the EU Council Implementing Decision 2024/3209 of 23 December 2024 has approved the extension of the reverse charge mechanism under the VAT Directive (2006/112) until 31 December 2026. This applies to supplies of capital

See More

Hungary tightens import VAT deduction rules from March 2025

06 February, 2025

Hungary will implement stricter import value-added tax (VAT) deduction regulations for indirect customs representatives from 1 March 2025. The amendment requires importers to file monthly VAT returns and avoid being classified as “risky

See More

Hungary raises VAT exemption limit to HUF 18 million for small businesses

04 February, 2025

Hungary’s tax authority has published guidance on increasing the VAT exemption threshold for small businesses from HUF 12 million to HUF 18 million. The increase was established by Government Decree No. 5/2025 and published in the Official

See More

Hungary delays mandatory e-invoicing for energy sector to July 2025

31 January, 2025

Hungary’s government has amended Government Decree 273/2007 (X. 19.) and Government Decree 19/2009 (I. 30.), which delays the e-invoicing requirement for electricity and gas supplied to nonresidential customers. Electronic invoicing

See More

Hungary to negotiate new tax treaty with US

29 January, 2025

Hungary’s Prime Minister Viktor Orbán has authorised negotiations for a new income tax treaty with the US. The new tax treaty between the two nations is aimed at avoiding and preventing double taxation in the field of income taxes. In July

See More

Hungary clarifies place of supply rules for online events

24 January, 2025

Hungary’s tax authority has published a summary of new place of supply rules for VAT for online events on 2 January 2025. The summary clarifies that the place of supply for services granting access to cultural, artistic, scientific,

See More

Hungary to launch small business VAT regime in 2025

19 December, 2024

The Hungarian tax authority has issued a notice on 10 December 2024 regarding the new Small Enterprises (SME) VAT scheme for small businesses under Council Directive (EU) 2020/285. The SME will take effect on 1 January 2025. Under the new scheme,

See More

Hungary publishes updated GloBE data sheet

09 December, 2024

Hungary’s Tax and Customs Agency has released the updated version of the GloBE data sheet on 5 December 2024. The data sheet features technical enhancements and detailed field definitions to simplify XML completion and includes a User

See More

Serbia ratifies amending protocol to tax treaty with Hungary

08 December, 2024

Serbia has published the Law of 11/28/24 in its Official Gazette ratifying the protocol to the 2001 income and capital tax treaty with Hungary on 3 December 2024. Earlier, Hungary and Serbia signed an amending protocol to the Hungary-Serbia

See More

Hungary scraps several windfall taxes on profits, adjusts and extends others

04 December, 2024

Hungary issued the Government Decree 356/2024 in the Official Gazette on 21 November 2024, amending Government Decree 197/2022 on temporary windfall taxes on additional profits. The Decree also scraps some windfall taxes while modifies and extends

See More

OECD: Czech Republic, Hungary, Germany sign agreement to share digital platform income information 

03 December, 2024

The Organisation for Economic Co-operation and Development (OECD) has announced that the Czech Republic, Germany, and Hungary have signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Earned

See More

Hungary, US: CbCR agreement comes into force

02 December, 2024

The Hungary-United States Agreement on the Automatic Exchange of Country-by-Country Reports  (CbCR) (2024) came into effect on 25 November 2024. The newly approved agreement will succeed the 2018 IGA which ended on 8 January 2023. Earlier,

See More

Switzerland: Federal Council adopts dispatch on amendment of DTA with Hungary

22 November, 2024

The Swiss Federal Council announced the adoption of the proposal to approve the protocol to amend the 2012 income and capital tax treaty with Hungary on 22 November 2024. It implements the OECD's minimum standards from the base erosion and profit

See More

Hungary ratifies amending protocol to the income and capital tax treaty with Serbia

20 November, 2024

The President of Hungary has enacted Law No. XLV of 2024, ratifying the amending protocol to the Hungary-Serbia Income and Capital Tax Treaty (2001). The law was published in Official Gazette Magyar Közlöny No. 113 on 13 November

See More