EYHungarian businesses facing key decisions affected by Pillar Two implementation focus on accessing transitional safe harbor
|Tax Alerts, Information Reporting, Legis ...|Hungary
With Hungary's Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two legislation now effective, and the Income Inclusion Rule (IIR) and a Qualified Domestic Minimum Top-up Tax (QDMTT) applicable from 1 January 2024, qualifying for one of the available safe harbors will be important for many businesses.
Executive summary
Hungary's Pillar Two legislation introduced a QDMTT at a minimum rate of 15% wh…
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