Hungary published Law XXIV of 2022 in the Official Gazette on 27 July 2022, which contains the measures for the 2023 Budget. Some of the main corporate tax-related measures of the budget concern transfer pricing, including:
- A new legal definition for the normal market (arm's length) range derived from the use of transfer pricing methods and comparable transactions or financial data of comparable independent parties, which is in line with OECD standards and already applied in practice;
- A new…