On 29 December 2023, the U.S. IRS issued Announcement 2024-05 regarding the effective date of the termination of the 1979 tax treaty with Hungary. --- Announcement Regarding the Effective Date of Termination of the United States-Hungary Tax Treaty Announcement 2024-5 The Government of the United States provided a diplomatic notification, dated July 8, 2022, to the Government of the Republic of Hungary of its termination of the Convention between the Government of the United States of America and the Government of the Hungarian People's Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to...