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Update - Tax Treaty between Hungary and Oman

28 December 2016

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Treaty Development

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Hungary-Oman

On 20 December 2016, Hungary published in the Official Gazette the law ratifying the pending income tax treaty with Oman. The treaty, signed 2 November 2016, is the first of its kind between the two countries. Taxes Covered The treaty covers Hungarian personal income tax and corporate tax. It covers Omani income tax. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted if an enterprise furnishes services in a Contracting State through employees or other engaged personnel for the same or connected projects for a period or periods aggregating more than 6 months in...