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March 12, 2024

Hungary's new implementing regulations go into effect as immigration application processing resumes

Effective 1 March 2024, new implementing regulations went into effect in Hungary, and authorities began processing visa and permit applications under the new immigration system following a two-month suspension of immigration application processing. The new implementing regulations introduce further changes to the provisions of the immigration bill that was approved by the parliament in December 2023. The new law is expected to promote the employment of Hungarian nationals, attract skilled international talent and limit long-term opportunities for lower skilled workers.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

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Full text of Tax Alert