Hungary, Bahrain, Saudi Arabia and Jersey: Approval of TIEA
On 25th October 2014, the Hungarian parliament approved the pending income tax treaties with Bahrain and Saudi Arabia and a tax information exchange agreement with Jersey. On 24th February 2014, the tax treaty between Hungary and Bahrain was signed
See MoreHungary: Presents tax laws for 2015
The tax laws for 2015 were presented to the parliament by the government on 28 October 2014. According to the tax laws, some changes for 2015, would include in the definition of related parties an additional provision relating to entities where
See MoreSwitzerland- Hungary: Treaty enters into force
The Hungary - Switzerland Income and Capital Tax Treaty of 2013 entered into force on 9 November 2014 and this new treaty will be applicable from 1 January 2015. This treaty will be replaces the Hungary - Switzerland Income and Capital Tax Treaty of
See MoreBahrain – Hungary: Treaty has been approved
The Bahrain - Hungary Income Tax Treaty of 2014 has been approved by the Hungarian parliament on 25 October 2014.Further details of the treaty will be reported
See MoreHungary-Jersey: Exchange of information agreement has been approved
The Hungary - Jersey Exchange of Information Agreement of 2014 has been approved by the Hungarian parliament on 25 October 2014. Further details of the agreement will be reported
See MoreDTA between Hungary and UAE entered into force
The DTA between Hungary and United Arab Emirates entered into force on 4 October 2014 and will applicable from 1 January
See MoreUAE-Hungary Income Tax Treaty ratified
According to the Decree No. 73/2014, the Income Tax Treaty between United Arab Emirates and Hungary has been ratified. The treaty has entered into force on 4 October 2014 and this will be effective from 1 January 2015. The further detail information
See MoreHungary and US FATCA enters into force
The Foreign Account Tax Compliance Act (FATCA) agreement (2014) between Hungary and the United States entered into force on 16 July 2014. Under the agreement, Foreign Financial Institutions (FFIs) in Hungary will report the information required
See MoreSwitzerland-Hungary: Signed Double Taxation Agreement
Switzerland and Hungary signed a double taxation agreement on 4 June 2014. Switzerland's lower house of parliament has approved the DTA after ratification by both
See MoreUS: New treaty delayed in Senate due to renewed opposition
Based on privacy concerns Senator is opposing the ratification of some US tax treaties including the Hungary – United States Income Tax Treaty (2010). The Senator is particularly concerned that the US government would be permitted by the treaty
See MoreEuropean Commission Asks Hungary to End Excise Restrictions
Hungary has been asked by the European Commission to change the excise rates currently charged on liquor and tobacco products. The structure of alcohol duties within the EU has been harmonized by an EU Directive and member states must therefore
See MoreNew treaty between Hungary and US submitted to US Senate for ratification
The US Senate Foreign Relations Committee gave its approval to the new Hungary-United States double tax agreement (DTA) on 1 April 2014. This revised agreement is replace the existing Hungary-United States treaty when it enters into force. The
See MoreTreaty between Bahrain and Hungary approved by Bahrain’s cabinet
Bahrain has approved the Income Tax Treaty signed 23 March 2014 with Hungary. The treaty is not yet in force and no further details of the treaty are currently
See MoreSaudi 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
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