Hungary Publishes Law Providing Various Tax Changes for 2021

Hungary has published Law No. CXVIII in the 26 November 2020 edition of the Official Gazette, which contains various tax law changes for 2021. The main measures include the following:

• The CFC rules are amended to provide that certain exemptions from the CFC rules may not be applied in relation to foreign companies established in a non-cooperative jurisdiction, with non-cooperative jurisdictions for this purpose to be issued through a decree, which is expected to follow the EU list of non-co…