Form includes some changes from autumn tax package proposal
The draft declaration form for taxpayers subject to the global minimum tax was published on the National Tax and Customs Administration of Hungary’s website on November 15, 2024.
As opposed to the autumn tax package proposal, the draft declaration form includes reportable data only for the domestic constituent entities of multinational enterprise (MNE) groups or large-scale domestic groups and their ultimate parent entities.
Another new feature of the draft declaration form 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:
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 December 31, 2024.
Read a November 2024 report prepared by the KPMG member firm in Hungary