Hungary: Reporting obligation of taxpayers subject to global minimum tax
Taxpayers subject to global minimum tax must fulfill reporting obligation by December 31, 2024.
The autumn tax package proposal submitted on October 29, 2024, does not contain any changes compared to the version published for public consultation regarding the reporting obligation of taxpayers subject to the global minimum tax.
As a result, the domestic constituent entity or the designated domestic entity acting on its behalf, with a fiscal year ending on December 31 or terminated during 2024, needs to fulfill its reporting obligation until December 31, 2024.
The declaration form has not yet been made available on the National Tax and Customs Administration of Hungary’s website. However, the proposal lists the following data that must be reported:
- The identification data of constituent entities of multinational enterprise groups or large-scale domestic groups, including value added tax (VAT) number, intra-community VAT number, and residency, as well as their qualification as per the Global Minimum Tax Act
- Information regarding the group’s general company structure, including information pertaining to the controlling shares held by constituent entities in other constituent entities
Read a November 2024 report prepared by the KPMG member firm in Hungary