Hungary has published Law No. CXVIII in the 26 November 2020 edition of the Official Gazette, which contains various tax law changes for 2021. The main measures include the following:
- The CFC rules are amended to provide that certain exemptions from the CFC rules may not be applied in relation to foreign companies established in a non-cooperative jurisdiction, with non-cooperative jurisdictions for this purpose to be issued through a decree, which is expected to follow the EU list of non-co…