Hungary's National Tax and Customs Administration issued a release on 5 October 2023 regarding Russia's suspension of the 1994 tax treaty between the two countries on 8 August 2023. The release notes that it is important that Hungary continues to apply the provisions of the treaty and ensures the benefits resulting from the treaty, including restrictions on the right to tax, reduced withholding tax rates, avoidance of double taxation, etc. for Hungarian-Russian income. However, the continued application of the treaty by Hungary cannot completely avoid the double taxation of income of private individuals and businesses. In particular, it is noted...