Rulings

Obtainable for transactions planned in the future; possibly for current and completed transactions; or for transfer price determination between associated companies, for a period of 3–5 years

Required to be represented by recognised tax adviser

To be submitted to Hungarian Finance Ministry

Fee payable: min HUF 8 million (EUR 19,289), maximum HUF 12 million (EUR 28,934); for transfer prices determination min HUF 8 million (EUR 19,289), maximum HUF 12 million (EUR 28,934)

Penalties for late payment

Default penalty: private persons up to HUF 400,000 (EUR 964), other taxpayers up to HUF 100,000,000 (EUR 2,411)

Penalty for delay: the applicable bank base rate plus 5%, calculated on a daily basis

Criminal provisions

Up to 50 %, or 200 %, of the unpaid tax