In the summer period, after the filing deadline of the corporate tax returns for the tax year 2021 due in May 2022, the Hungarian tax authority (the “HTA”) usually starts to select taxpayers for transfer pricing audits with greater intensity.

Hungarian emergency measures extended until 31 October 2022

On 4 June 2022 the extra-profit taxes were promulgated.

E.g. Company car tax, public health product tax

E.g. Airline contribution, telecommunication surtax, retail sales tax

E.g. "Robin Hood tax"

Special tax on banks, financial institutions, insurance surtax

On 11 May 2022, the European Commission published a proposal for DEBRA Directive. This newsletter summarises its main points.

The FISC Subcommittee of the European Parliament held a public hearing on 25 April 2022 on strengthening the regulation of intermediaries (tax advisors) for a more stable and less vulnerable tax system.