Market Intelligence

Hungary’s proposed National Asset Recovery and Asset Protection Office may increase scrutiny of public funds, state aid, EU grants, transfer pricing and tax documentation. Learn what foreign-owned businesses should review now.

Although the Hungarian personal income tax (PIT) filing deadline of May 20, 2025 has already passed, this milestone should not be seen as the end of the tax season—especially for expats living and working in Hungary.

The Global Minimum Tax (GMT) regime has officially entered its first practical compliance phase in Hungary. After months of uncertainty and preparation, the Hungarian Tax Authority (NAV) has now released the long awaited filing form, marking a critical milestone for multinational groups subject to the rules

The global minimum tax (Pillar Two / GloBE) ensures that large multinational enterprise groups and large domestic groups are taxed at an effective rate of at least 15% in every jurisdiction where they operate.

Tax due diligence remains a critical element in M&A (mergers and acquisitions) transactions, serving as the foundation for risk identification and informed decision-making.

The rapid expansion of the digital economy has outpaced traditional tax systems, creating significant challenges for governments—especially in developing countries.