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Hungary Revises List of Non-Cooperative Jurisdictions

04 January 2023

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Approved Changes

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Hungary

Hungary has published Decree 28/2022. (XII. 28.) from the Minister of Finance, which contains a revised list of non-cooperative jurisdictions. The list is primarily used in relation to Hungary's controlled foreign company (CFC) defensive measure that applies from 1 January 2021 and provides that certain exemptions from the CFC rules may not be applied in relation to foreign companies established in a non-cooperative jurisdiction. The revised list follows the latest EU list of non-cooperative jurisdictions as published on 12 October 2022 and includes American Samoa, Anguilla, the Bahamas, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, Turks and Caicos Islands,...