Tax regulations

Last reviewed 05 Apr 2023

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 12 million (EUR 30,000), maximum HUF 16 million (EUR 40,000); for transfer prices determination min HUF 10 million (EUR 25,000), maximum HUF 14 million (EUR 35,000)

Penalties for late payment

Default penalty: private persons up to HUF 400,000 (EUR 1,000), other taxpayers up to HUF 1,000,000 (EUR 2,500)

Failure to register an employee/ breach of invoicing/receipt issuance obligations/ breach of document retention requirements: default penalty of up to HUF 2,000,000

Violation of obligations with regards to keeping records or retaining documents in the case of determination of an arm’s length price: up to HUF 5,000,000/HUF 10,000,000 (EUR 12,500/EUR 25,000)

Breach of reporting, tax return and data supply obligations related to supplementary taxes ensuring the global minimum tax level: up to HUF 5,000,000/HUF 10,000,000 (EUR 12,500/EUR 25,000)

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