Draft legislation (Bill T/14679) has been submitted to the Hungarian parliament to transpose into domestic law the amendments made to the EU Administrative Cooperation Directive by Council Directive (EU) 2016/881 concerning Country-by-Country (CbC) reporting. Main points include:
- Standard reporting threshold of EUR 750 million consolidated group revenue in the previous year (or equivalent in HUF based on exchange rate published by Hungarian National Bank);
- Hungarian ultimate (surrogate) pare…