On January 15, the OECD issued a record of jurisdictions whose minimum tax legislation has completed the agreed process and secured transitional qualified status, news site MTI reported.
Hungary was included on both the list for qualified income inclusion rules and qualified domestic minimum top-up tax rules, the ministry said.
Hungarian legislation on the 15% minimum global tax has been in force since December 31, 2023.
Hungary’s tax system remains among the most competitive in Europe, the ministry said.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
