OrbitaxOrbitax

Hungary Looking to Maintain Low Taxation Despite Implementation of Pillar 2 Global Minimum Tax

|Proposed Changes|Hungary
Hungary

Hungary's Ministry of Finance has issued a release announcing that consultations have been initiated with large Hungarian companies on the implementation of the Pillar 2 global minimum tax (GMT) in accordance with Council Directive (EU) 2022/2523 of 14 December 2022 (previous coverage). According to the release, the government's goal is to shape the GMT regulation in such a way that the competitiveness of the Hungarian tax system is maintained despite the GMT, and that Hungarian companies co…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.