
English Translation of Hungary’s Global Minimum Tax Law
English Translation of Hungary’s Global Minimum Tax Law

English Translation of Hungary’s Global Minimum Tax Law

On November 21, 2023, the draft law to implement the EU Minimum Tax Directive was approved by the Hungarian Parliament. It was sent to the Hungarian President today for signature.

On October 17, 2023, the Hungarian Ministry of Finance issued a draft law to implement the Pillar Two GloBE rules/EU Minimum Tax Directive.

Hungary’s Prime Minister Viktor Orbán reiterated that Hungary has an Official letter from the EU agreeing to the Local Business Tax being a covered tax for the purposes of the Pillar Two Global Minimum Tax.
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