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Hungary Confirms Commitment to Preserve Competitive Tax System Despite the Pillar 2 Global Minimum Tax

05 October 2023

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Hungary

The Hungarian Government has issued a release confirming its commitment to preserving a competitive tax system despite the Pillar 2 Global Minimum Tax. --- Finance Minister: Government to preserve competitive tax system despite global minimum tax OCT 3, 2023 The finance minister noted that Hungarian companies pay one of the lowest public taxes in Europe. Finance Minister Mihály Varga said the government aims to preserve the competitiveness of its tax system, notwithstanding the implementation of the global minimum tax. At a meeting with the heads of large Hungarian companies, Minister Varga discussed Hungary's implementation of the EU directive on the...