On 3 May 2016, the Hungarian government submitted proposed legislation to parliament that includes amendments to the country's IP regime. The proposed amendments would modify the regime to bring it in line with the modified nexus approach as developed under Action 5 of the OECD BEPS Project. Under this approach, the benefits received are aligned with the amount of R&D expenditure incurred using a nexus ratio. Key aspects of the amended IP regime include:
- Qualifying IP income includes bus…