18 May 2017 Hungary introduces BEPS Country-by-Country Reporting requirements The Hungarian Parliament enacted the Government’s proposed legislation on Country-by-Country Reporting (CbCR) on May 3. The requirements of the Hungarian CbCR rules are generally in line with the Organisation for Economic Co-operation and Development (OECD) guidance on CbCR and the corresponding 2016 European Union directive (EU Directive) on CbCR. Under the new rules, Hungarian tax resident entities of specified multinational enterprises (MNE) groups have a new, recurring notification obligation, and in specific cases, a Country-by-Country (CbC) report submission obligation as well. Document ID: 2017-0818 |
