Hungary Expands Minimum Tax Reporting for Domestic Entities

Hungary’s tax authority issued new reporting obligations for domestic group entities subject to global minimum tax rules.

Domestic entities must now provide the name, tax number and country code of the group entity responsible for submitting the standardized multinational GloBE Information Return, according to guidance published by Hungary’s National Tax and Customs Administration on Friday.

The new requirements expand a Minister for National Economy decree detailing rules for the reporting, declaration and payments related to global minimum tax.

The global minimum tax seeks to levy large corporate groups at a minimum 15% rate and is one half of ...