Hungary: VAT rate increases

19 September, 2011

The Hungarian VAT rate increases 2% to 27% and will be effective from 1 January 2012.  This will give Hungary the highest VAT rate in the European Union, and one of the highest in the world. The rise comes as Hungary attempts to bring down its

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Double Taxation Convention Signed between UK and Hungary

07 September, 2011

A new and comprehensive Double Taxation Convention was signed between the UK and the Republic of Hungary in Budapest on the 7 September 2011. The convention replaces the 1977 agreement by the general OECD Model Double Taxation Convention. The latest

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