Hungary has reportedly approved amendments to modify the country's IP regime to bring it in line with the modified nexus approach as developed under Action 5 of the OECD BEPS Project ({News-2016-05-09/P/2- previous coverage}). As amended, the IP regime benefit of a 50% deduction of qualifying taxable income is reduced by a nexus ratio. The ratio is equal to qualifying expenses (in-house and third party R&D costs) / total expenses, with a 30% uplift allowed for non-qualifying expenses (rel…