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Hungary Approves Signing of New CbC Exchange Agreement with the U.S.

|Treaty Development|Hungary-United States
Hungary-United States

Hungary published Decree No. 1482/2023 in the Official Gazette on 2 November 2023, which approves the signing of a new County-by-Country (CbC) exchange agreement with the United States. As previously reported, the two countries signed a prior CbC exchange agreement in 2018, but it was terminated in accordance with its terms on 8 January 2023, which is 6 months after the U.S. notified Hungary of the termination of the 1979 tax treaty between the two countries. To avoid local filing requiremen…

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