According to a 19 January 2017 update from the OECD, Hungary has signed the Multilateral Competent Authority Agreement (MCAA) for the exchange of Country-by-Country (CbC) reports. The signing brings the total number of signatories to 51. As part of the conditions for signing the CbC MCAA, signatories must be a party to the OECD Council of Europe Convention on Mutual Administrative Assistance in Tax Matters and have (or commit to introduce) CbC reporting requirements. Although Hungary has not yet finalized its CbC reporting requirements, the country is required as an EU Member State to introduce requirements that apply from 1...