The Hungarian government is reportedly in the process of finalizing draft legislation to amend current transfer pricing documentation requirements in line with the Master file and Local file guidelines developed as part of BEPS Action 13. The new requirements will likely expand upon Hungary's existing documentation requirements, which are already based on the Master/Local file type concept of the EU Code of Conduct on Transfer Pricing Documentation Requirements. The draft legislation is to be submitted to parliament in the coming months and the new requirements are to apply from 2018, with the option to also apply the requirements for 2017.