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Hungarian Parliament Considering Legislation for Implementation of ATAD Exit Tax and Hybrid Mismatch Rules

|Proposed Changes|Hungary
Hungary

The Hungarian Parliament is reportedly considering draft legislation for the implementation exit tax and hybrid mismatch rules in line with the EU Anti-Tax Avoidance Directive (ATAD). The exit tax rules would apply from 1 January 2020 and include that tax would be levied on the amount equal to the market value of transferred assets less their value for tax purposes where assets are transferred …

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