"The government aims to preserve the competitiveness of the Hungarian tax system in spite of the global minimum tax rate, and ensure Hungarian companies continue to pay one of the lowest public burdens in Europe," the ministry said.
"Hungarian regulations on the global minimum corporate tax rate will be drafted in a manner that keeps the local tax environment attractive for businesses," it added.
The Finance Ministry said it would take into consideration business leaders' recommendations when drafting the detailed regulation.
The bill on the transposition will be submitted to lawmakers during the fall session, it added.
Hungary must transpose the EU directive on the tax rate by January 1, 2024.
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