British Virgin Islands

Wednesday, Oct 20, 2021

Hungary agrees to global tax deal, finance minister says

Hungary agrees to global tax deal, finance minister says

Hungary has agreed to join the agreement on a global corporate minimum tax as the conditions it proposed, which included a 10-year transitional period, have been met, Finance Minister Mihaly Varga told reporters on Friday.
"We have managed to reach a breakthrough on the global minimum tax deal ... so Hungary could join the deal with a good heart," Varga said, adding that Hungary's 9% corporate tax rate will not change, as there will be a targeted solution to collect the global tax.
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