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Hungary Notes Impact of Belarus's Tax Treaty Suspension

06 June 2024

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Treaty Development

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Hungary-Belarus

Hungary's National Tax and Customs Administration issued a release on 3 June 2024 regarding Belarus's suspension of certain articles of the 2002 tax treaty between the two countries from 1 June 2024 to 31 December 2026, including Articles 10 (Dividends), 11 (Interest), and 13 (Capital Gains). The release notes that during the suspension period, the treaty will not restrict the taxation of dividend, interest, and capital gains income by Belarus, i.e., domestic rates will apply instead of treaty rates. With respect to Hungary, however, the release notes that it is important that Hungary continues to apply the provisions of the...