The U.S. Department of the Treasury issued a release on 15 July 2022 confirming the termination of the 1979 income tax treaty with Hungary, which will generally cease to have effect from 1 January 2024.

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United States’ Notification of Termination of 1979 Tax Convention with Hungary

WASHINGTON — The U.S. Department of the Treasury today announced that on July 8, 2022, the United States no…