The Hungarian parliament reportedly approved corporate income tax reform legislation on 13 November 2018 that provides for the introduction of a group taxation regime, new interest limitation rules, and changes to the CFC rules. Group Taxation The group taxation regime allows related taxpayers with at least 75% direct or indirect control (voting rights) to opt for group taxation, subject to certain conditions, including that they have the same balance sheet date and the same functional currency. Under the regime, taxpayers must each determine their tax base, which must be declared to the tax authority, with a group return submitted by...