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06 June 2016

Hungarian Government proposes simplifications to Hungarian REIT regime

The Hungarian Government submitted a draft bill to the Parliament during May with the latest amendments submitted on June 3. Among other amendments, the bill sets forth changes to the current Hungarian real estate investment trust (REIT) regime. The amendments are still not final, as the Parliament needs to accept the proposal. However, it is expected that the proposal will be passed quickly.

A Tax Alert prepared by Ernst & Young's Eastern European Business Group in New York, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-0975

Document ID: 2016-0975

 

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