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Hungary Approves Deferral for DAC6 Reporting

15 July 2020

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Approved Changes

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Hungary

Hungary's parliament has reportedly approved the Central Budget Bill for 2021, which includes, among other measures, the deferral of the initial reporting of cross-border arrangements (DAC6) due to COVID-19 as provided by Council Directive (EU) 2020/876. With the deferral: the standard 30-day period for reporting begins on 1 January 2021 instead of 1 July 2020, including for reportable arrangements between 1 July and 31 December 2020; the deadline for reporting historical arrangements between 25 June 2018 and 30 June 2020 is 28 February 2021 instead of 31 August 2020; and the deadline for the first periodic reporting of marketable arrangements...