For years, Hungarian tax policy has focused on trying to develop Hungary into an attractive location for foreign investors. While there are many incentives for new investments in the country, the tax regime also provides for favourable regimes for holding shares or intellectual property (IP).
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap