The draft declaration form regarding the reporting obligation of taxpayers subject to the Act on Top-Up Taxes Ensuring a Global Minimum Level of Taxation was made available on the National Tax and Customs Administration of Hungary’s website on 15 November 2024.
As opposed to the autumn tax package proposal, the draft declaration form contains reportable data regarding only the domestic constituent entities of multinational enterprise groups or large-scale domestic groups and their ultimate parent entities.
Another new feature is that companies are required to choose the type of top-up tax liability for their domestic constituent entities and ultimate parent entity from the following:
- Qualified domestic top-up tax
- Qualified IIR tax
- Qualified UTPR tax as of 2025
- None of the above
The affected domestic constituent entity or the designated domestic entity acting on its behalf whose fiscal year ends on 31 December or was terminated during the year of 2024 must fulfil its reporting obligation by 31 December 2024.
As soon as new information is released in relation to the declaration form or the scope of reportable data, we will come back to you.
We are, naturally, at your disposal should you need assistance in fulfilling your reporting obligation.
