On 1 January 2007, rules enabling taxpayers to request advance rulings in respect of transfer prices entered into force in Hungary (Arts. 132/A and 132/B of Act XCII of 2003 on Tax Procedure). In particular, an application can be submitted to the tax authorities to determine the transfer pricing method, the decisive facts and circumstances, and, if possible, the fair market price or price range applicable in future transactions between associated enterprises.
…