Hungary News

OECD Receives Backing For Historic International Tax Overhaul

by Ulrika Lomas, Tax-News.com, Brussels

Friday, August 6, 2021

The OECD has said 131 countries and jurisdictions have put their name to an international agreement on an overhaul to tax rules for the digitalized economy and for large multinational businesses. Read Full Story

OECD Releases 2020 Tax Trends Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

Tax revenues fell across the OECD for the first time in a decade during 2019, but a much larger decrease is expected in 2020 as a result of the COVID-19 pandemic, according to the OECD's newly released annual Revenue Statistics report. Read Full Story

Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story

EU Expecting COVID-19 Dent In 2020 VAT Collections

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 22, 2020

The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018. Read Full Story

Hungary Proposes Improved R And D Tax Reliefs

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

The Hungarian Ministry of Finance announced that the Government is considering further tax cuts for businesses, including improvements to the deductions available for research and development spending, following a meeting of the National Competitiveness Council. Read Full Story

EU States Shut Down Plans For Public CbC Reporting

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 2, 2019

EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs. Read Full Story

Hungarian Government Submits Tax Bill

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 15, 2019

On November 12, 2019, Hungary's Ministry of Finance announced that it has submitted to parliament the seventh and final part of its Economic Action Plan, which includes various tax measures. Read Full Story

Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 15, 2019

The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced. Read Full Story

US Senate Approves Changes To Four Double Tax Pacts

by Mike Godfrey, Tax-News.com, Washington

Thursday, July 25, 2019

The United States Senate has approved protocols to four existing bilateral double tax avoidance treaties that have been pending in the chamber for as much as a decade. Read Full Story