Tag: Hungary
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Act on the Rules of Taxation (Act CL of 2017) – Hungary
The Act on the Rules of Taxation (Act CL of 2017) is a significant piece of legislation in Hungary that came into effect in 2018, introducing several changes to the country’s tax administration system. This act, along with the Act on Tax Administration Procedure (Act CLI of 2017), was part of a broader effort to…
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Country-by-Country Reporting (CbCR) Regulation in Hungary
Hungary has implemented Country-by-Country Reporting (CbCR) as part of its commitment to the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 initiative. The Hungarian Tax Authority (Nemzeti Adó- és Vámhivatal, NAV) administers these requirements, ensuring multinational enterprises (MNEs) comply with global transparency standards. This guide is tailored for CFOs and tax professionals operating in…
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Country-by-Country Reporting (CbCR) Regulation in Hungary
Hungary, as an active member of the European Union and the Organisation for Economic Co-operation and Development (OECD), has adopted the OECD’s Country-by-Country Reporting (CbCR) framework under BEPS (Base Erosion and Profit Shifting) Action 13. This guide provides Chief Financial Officers (CFOs) and financial executives in Hungary with an overview of CbCR requirements, detailing how…
CbC Reporting 