Comparable searches in Hungary: The developing approach

In recent years the Hungarian Tax Authority (HTA) has been concentrating more and more on transfer pricing issues and has publicly formulated views in relation to comparable searches. Zoltán Lipták and Hedvig Sólyomvári of Ernst & Young provide an overview of the most important aspects of these views and raise some questions in relation to their practical implications in light of the latest advance pricing agreement (APA) and tax controversy experience gathered by tax advisers.