Hungary Tax News

Discussion draft on application and interpretation of non-discrimination article of OECD Model – details

18 June 2007

Commission announces in depth investigation regarding Hungarian taxation of intra-group interest

28 May 2007

Revised Commentary on Article 7 of OECD Model released

28 May 2007

ECJ: temporal effects of judgment in Meilicke against Germany should not be limited – details

28 April 2007

Final Report on Improving the Resolution of Tax Treaty Disputes

24 March 2007

Company tax regimes of Swiss cantons exempting foreign profits incompatible state aid under EU-Switzerland Agreement

24 March 2007

ECJ: hearing in case regarding Dutch withholding tax on outbound dividends

24 March 2007

Advance rulings for transfer prices

24 February 2007

EU Commission requests Italy not to apply a withholding tax on dividends paid to Netherlands parent companies

24 February 2007

EU Commission requests Italy to implement the Interest and Royalties Directive correctly

24 February 2007

Report on Attribution of Profits to PEs released

24 February 2007

EU Commission progresses infringement actions against Member States for discriminatory taxation of outbound dividends

24 February 2007

ECJ: previous UK ACT regime regarding outbound dividends compatible with EC fundamental freedoms (ACT IV GLO) – details

15 January 2007

ECJ holds French withholding tax on outbound dividends incompatible with freedom of establishment

15 January 2007

Treaty between Iceland and Hungary enters into force

17 December 2006

European Commission requests Belgium to terminate discriminatory taxation of inbound dividends

13 August 2006

European Commission requests Belgium, Italy, Luxembourg, Netherlands, Portugal and Spain to terminate discriminatory taxation of outbound dividends

13 August 2006

European Commission refers Italy and Luxembourg to ECJ for not implementing Directive amending EC Parent-Subsidiary Directive

13 August 2006

European Commission decides that Luxembourg's preferential tax regime for 1929 holding companies constitutes incompatible state aid

13 August 2006

Tax law reform adopted for 2006 and 2007

13 August 2006

European Commission requested Spain to end infringement to the EC Parent-Subsidiary Directive concerning the use of anti-abuse measures

13 August 2006

Government plans tax increases and expenditure cuts to improve budget balance

11 July 2006

Iceland and Hungary signed a first-time income tax treaty on 23 November 2005. Further details of the treaty will be reported subsequently.

1 January 2006

Tax amendments for 2006 and beyond

1 January 2006

Budget 2006

6 December 2005

The tax treaty on income of 3 November 2003, entered into force on 4 March 2005, and will be effective as from 1 January 2006 in Hungary and 1 April 2006 in India. It will replace the tax treaty of 30 October 1986.

1 May 2005