Draft legislation introduced in Hungary is in line with OECD Model Rules, Commentary and Administrative Guidance already issued.Hungary will keep the 9% statutory corporate income tax rate in place while introducing a Qualified Domestic Minimum Top-up Tax (2024), Income Inclusion Rule (2024) and Undertaxed Profits Rule (2025).Draft legislation also includes a new research and development (R&D) qualifying incentive regime.Executive summaryThe Hungarian Ministry of Finance published on the draft legislation for public consultation to implement EU Directive 2022/2523 on the global minimum tax on 18 October 2023. The Ministry of Finance then introduced the draft legislation to the Parliament on 31...