The Hungarian government submitted the 2023 Budget Bill in parliament on 22 June 2022. 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 obligation for taxpayers to submit tr…