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Hungary Allows Tax Payment in Euros and U.S Dollars

08 August 2022

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Approved Changes

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Hungary

Hungary's Finance Minister has announced that in addition to paying in Hungarian forints, corporate and business taxes can also be paid in euros or U.S. dollars. --- Finance Minister: Corporate and business taxes can be paid in forints, euros or US dollars The new regulation could help streamline tax administration for businesses that generate some or all of their revenues in foreign currency. Finance Minister Mihály Varga said the government has decided to give companies operating in Hungary the option of paying their corporate and business taxes in forints, euros or US dollars. The new regulation could help streamline tax...