Saudi Arabia and Hungary sign a DTA
Saudi Arabia and Hungary signed a double taxation agreement (DTA) on 24 March 2014. No further details of the agreement are currently
See MoreDTA between Hungary and Algeria under negotiation
Hungary has issued a decree authorizing the relevant Ministries to commence negotiations for a double tax treaty with Algeria. No further details are available in respect of a date for commencement of
See MoreUS: DTA Protocols between the United States and various countries
The US Senate Committee on Foreign Relations held talks on February 26, 2014, on the double taxation agreement (DTA) Protocols between the United States and Switzerland and Luxembourg, and DTAs with Hungary and Chile, as part of the nation's
See MoreDTA between Hungary and Kosovo enters into force
On March 12, 2014, the double taxation agreement (DTA) signed between Hungary and Kosovo entered into
See MoreHungary and Bahrain sign a DTA
On 24 February 2014, Hungary and Bahrain signed a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. A number of agreements pertaining to the economic and technical co-operation
See MoreIGA agreement sign between Hungary and US to implement FATCA
On February 4, 2014, Hungary and the US signed an agreement to implement the U.S. Foreign Account Tax Compliance Act
See MoreHungary and Jersey sign a TIEA
Hungary and Jersey signed a Tax Information Exchange Agreement (TIEA) on 28 January, 2014. The TIEA will enter into force after ratification by both parties, and the possible date for entry into force is not
See MoreHungary dismisses OECD Tax Advice
The Hungarian government has rejected OECD proposals for major tax reforms, covering a new property tax as well as energy, environmental, inheritance and wealth taxes. The Minister of Economic Strategy has said that tax reform is complete and no
See MoreHungary: VAT rules change
The European Court of Justice (ECJ) has ruled against current Hungarian rules on on the loss of the VAT exemption for exports. Under the present rules, exporters of goods from Hungary must ensure that goods leave Hungary within 90 days to qualify
See MoreHungary-VAT Act changes of 2014
Most of the changes to the VAT rules of Hungary are designed to bring Hungarian VAT further in line with the EU VAT Directive. According to the changes to the VAT rule the reverse charge mechanism will be extended to include property construction.
See MoreSwitzerland: Proposals on Multiple Tax Agreements has been Adopted
A number of double tax treaties proposal on tax information exchange has been adopted by the Swiss Federal Council. The Double tax agreements are with Australia, Hungary, and China, currently valid agreements, and containing administrative
See MoreHungary- Extension to Family Tax Break
The tax incentive regime for employers of parents with small children has been extended in Hungary. The Employment Minister has announced plans regarding this. According to the new plan an employer of parent having at least three small children will
See MoreHungary: Summary of changes to the tax law provisions
Hungary’s changes to the tax law are likely to become effective from 2014. The changes would comprise of the following corporate tax provisions: Favorable participation exemption rules in case of 10% acquisitions of share have been
See MoreHungary Signs OECD Multilateral Tax Assistance Treaty
Hungary has become the 61st jurisdiction to sign the Organization for Economic Cooperation and Development’s multilateral treaty on multilateral tax assistance. This can be considered as a step of Hungary to its fight against cross-border tax
See MoreHungary- Amendments to Corporate Law
Hungary is going to modify its civil code by making significant changes to the corporate law which is likely to become effective from March 2014. According to the amendments, new companies may be permitted to establish their own company guidelines
See MoreHungary – Proposed year-end tax law changes
The Minister of the National Economy of Hungary has submitted to the Parliament the year-end proposals of tax law changes of the government. The proposed changes to the tax law include changes to the rules of permanent establishment so that
See MoreFATCA agreement between Hungary and United States
The Ministry of National Economy of Hungary announced on 28 October 2013 that Hungary and the United States signed a Model 1 intergovernmental agreement (IGA) regarding the FATCA legislation. The agreement would allow automatic exchange of
See MoreHungary considering 35% luxury VAT rate
In connection with drafting the 2014 budget, Hungary is still considering introducing a super VAT rate of 35% on luxury goods. This would raise more money for the government without having any effect on the price of essential goods or services. A
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