Regulation on the Hungarian Journal of Legal guidelines amending numerous tax legal guidelines

Daily tax report: International

June 14, 2021, 5:00 a.m.

The Hungarian Official Gazette published Law No. LXIX amending various tax laws on June 9th. The law includes measures: 1) introduction of rules on the taxation of transactions in digital currency; 2) Implementation of the hybrid mismatch rules within the framework of the EU directives on combating tax avoidance; 3) Provision of tax deductions for energy suppliers; 4) Abolition of the special tax for financial institutions; 5) Simplification of VAT regulations for cross-border e-commerce, effective from July 1st; 6) Provision of a special regime for the distance selling of imported goods for shipments up to a value of 150 euros (183 USD); 7) Harmonization of excise tax regulations with specific EU directives; 8) Change in the fight against money laundering and counter-terrorism financing …

© 2021 The Bureau of National Affairs, Inc.

All rights reserved