Quick Summary. Hungary is a parliamentary republic. It is comprises of 19 counties.
In 2019, Hungary introduced a group taxation regime. With certain restrictions, the regime promotes cross offsetting of operating losses. As of 2020, Hungary implemented EU’s Anti-Tax Avoidance Directive (ATAD II), providing for hybrid anti-abuse rules. In addition, Hungary imposed an exit tax and anti-avoidance rules.
Other recent development for individuals subject to Hungarian taxation include removal of cash benefits as fringe benefits and developments with respect to the economic employer rules.