OrbitaxOrbitax

Hungarian Parliament Approves Legislation Introduction Various Tax Changes Including Defensive Measure for Non-Cooperative Jurisdictions

|Approved Changes|Hungary
Hungary

The Hungarian Parliament (National Assembly) approved legislation on 21 November 2023 for the introduction of various tax changes, including a defensive measure in relation to the EU list of non-cooperative jurisdictions for tax purposes. The defensive measure provides that interest and royalty payments to listed jurisdictions will be non-deductible for tax purposes, unless a payment is made ba…

Continue Reading