Hungary's draft legislation on BEPS 2.0 Pillar Two introduced to Parliament

07 November 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, BEPS 2.0|Hungary

Draft legislation introduced in Hungary is in line with OECD Model Rules, Commentary and Administrative Guidance already issued.
Hungary will keep the 9% statutory corporate income tax rate in place while introducing a Qualified Domestic Minimum Top-up Tax (2024), Income Inclusion Rule (2024) and Undertaxed Profits Rule (2025).
Draft legislation also includes a new research and development (R&D) qualifying incentive regime.

Executive summary

The Hungarian Ministry of Finance published on the dra…

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