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Latest Treaty Updates: Hungary

Hungary - Kyrgyzstan


Hungary and Kyrgystan have begun DTA negotiations, the Hungarian Ministry of Foreign Affairs and Trade announced on February 28, 2018.

Oman - Hungary


Oman and Hungary signed a DTA on November 1, 2016.

Hungary - Turkmenistan


Hungary and Turkmenistan signed a DTA on June 1.

Turkmenistan - Hungary


Turkmenistan confirmed on July 7 that it had signed a DTA with Hungary.

Iran - Hungary


According to preliminary media reports, Iran and Hungary completed a first round of DTA negotiations on June 17, 2015.

Hungary - Luxembourg


Hungary and Luxembourg signed a DTA on March 10, 2015.

Bahrain - Hungary


According to preliminary media reports, the Shura Council of Bahrain on February 15, 2015, approved a law that would ratify the DTA signed with Hungary.

Jersey - Hungary


The TIEA between Jersey and Hungary will enter into force on February 13, 2015.

Hungary - Uzbekistan


Hungary signed a protocol to amend its DTA with Uzbekistan on November 27, 2014.

Hungary - United Arab Emirates


The DTA between Hungary and United Arab Emirates entered into force on October 4, 2014.

Bahrain - Hungary


Bahrain's Cabinet on March 23, 2014, approved a law to ratify the DTA signed with Hungary.

Saudi Arabia - Hungary


Saudi Arabia and Hungary signed a DTA on March 24, 2014.

Hungary - Kosovo


According to preliminary media reports, the DTA signed between Hungary and Kosovo will enter into force on March 12, 2014.

Bahrain - Hungary


Bahrain signed a DTA with Hungary on February 24, 2014.

Hungary - Jersey


Hungary and Jersey signed a TIEA on January 28, 2014.

Hungary - Guernsey


A law to ratify the TIEA signed between Hungary and Guernsey on September 11, 2013, was forwarded to Hungary's parliament for its approval on October 14, 2013.

Hungary - Various


Legislation to ratify the double tax agreements Hungary signed with the United Arab Emirates on April 30, 2013, and with Switzerland on September 12, 2013, was forwarded to Hungarian parliament for its approval on October 14, 2013.

Hungary - Various


According to preliminary media reports, Hungary on October 14, 2013, ratified the double tax agreements signed with Switzerland and the United Arab Emirates.

Hungary - Kosovo


Hungary and Kosovo signed a DTA on October 3, 2013.

Switzerland - Hungary


Switzerland and Hungary signed a new DTA on September 12, 2013, to replace their existing DTA dating back to 1981.

Saudi Arabia - Hungary


Saudi Arabia's Cabinet on May 14, 2013, approved the signing of a draft DTA with Hungary,

Hungary - United Arab Emirates


Hungary and the United Arab Emirates signed a DTA on April 30, 2013.

Hungary - Cuba


Hungary has approved the commencement of negotiations towards the conclusion of a DTA with Cuba, according to a filing in the nation's Official Gazette on February 28, 2013.

United Arab Emirates - Hungary


The United Arab Emirates Cabinet on February 4, 2013, approved a law that would ratify the DTA the nation signed with Hungary.

Hungary - Various


According to preliminary media reports, Hungary's DTAs with Georgia and Qatar became effective on January 1, 2013.

Hungary - Switzerland


According to preliminary media reports, Hungary's parliament approved a draft DTA Protocol with Switzerland on November 28, 2012.

Hungary - Bahrain


According to preliminary media reports, the Hungarian government on July 19, 2012, announced that it has approved a draft DTA with Bahrain.

Denmark - Hungary


According to preliminary media reports, on May 24, 2012, the Danish parliament approved the DTA signed between Denmark and Hungary in 2011.

Hungary - Kazakhstan


According to preliminary media reports, Hungary and Kazakhstan signed a TIEA on May 4, 2012.

Qatar - Hungary


According to the Qatar new agency, on February 27 Sheikh Hamd bin Khalifa Al Thani approved the draft DTA concluded with Hungary on January 18, 2012.

Georgia - Hungary


Hungarian National Economy Minister György Matolcsy and his Georgian counterpart Dimitri Gvindadze signed a DTA on February 16, 2012.

Hungary - Qatar


A DTA between Hungary and Qatar was signed on January 19, 2012.

Hungary - United Kingdom


The DTA between the United Kingdom and Hungary entered into force on December 28, 2011, and became effective for Hungarian income from January 1, 2012. The agreement will be effective for taxable income in the UK from April 1, 2012, and from April 6, 2012 for income tax and capital gains tax (other than taxes withheld at source).

United Kingdom - Hungary


According to the UK tax authority, the DTA between the UK and Hungary, signed on September 7, 2011, will enter into force on December 28, 2011, and will become effective from January 1, 2012.

Mexico - Hungary


According to preliminary media reports, Mexico ratified the pending DTA with Hungary on December 1, 2011.

Hungary - United Kingdom


According to the UK tax authority, HM Revenue and Customs, a DTA between the UK and Hungary was signed on September 7.

Hungary - Germany


According to preliminary media reports, Hungary ratified its DTA with Germany in parliament on June 27, 2011.

Hungary - Denmark


According to preliminary media reports, Hungary ratified its DTA with Denmark in parliament on June 27, 2011.

Mexico - Hungary


According to the Mexican government, Mexico and Hungary have signed a DTA. The treaty also contains a provision for the exchange of tax information.

Brazil - Hungary


Denmark - Hungary


The DTA will replace the current agreement, signed in 1978. The main change is in relation to the provisions covering the taxation of payments from private pension plans. Previously, the agreement had assumed that private pensions are taxed where the pensioner resides, but, with the new agreement, they will be taxed where they are paid. Transitional provisions also aply. The Danish government is expected to submit a draft bill for the DTA's approval in October, 2011.

Hong Kong - Hungary


Hong Kong residents receiving dividends from Hungary are to be charged 10% withholding tax. The rate is reduced to 5% where the recipient is a company holding 10% or more of the share capital of the paying company. Hong Kong residents receiving royalties from Hungary are to be charged withholding tax at 5%. Interest payments to Hong Kong residents are capped at 5%. The DTA is to have effect for any assessment year beginning on or after April 1, 2012.

Treaty Updates by Territory

Latest News

DTA Approvals Sent For US Senate Vote

Eight tax treaties and protocols were passed forward for a ratification vote by the full US Senate at a business hearing of the Committee on Foreign Relations on November 10.

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US Administration Pushes For Swiss DTA Update Ratification

Robert Stack, US Treasury Deputy Assistant Secretary (International Tax Affairs), initiated a further push for ratification of the pending protocol to the US tax treaty with Switzerland at a hearing of the Senate Committee on Foreign Relations on October 29.

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US Business Groups Add To Calls For DTA Approvals

In a February 20 letter to US Senate Majority Leader Mitch McConnell, the National Foreign Trade Council and other leading business organizations urged action on pending bilateral double taxation agreements and protocols.

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US Accountants Call For DTA Approvals

In a recent letter to the Committee on Foreign Relations, the American Institute of Certified Public Accountants requested that the US Senate urgently approve all pending bilateral double taxation agreements and protocols.

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Franco-Swiss IHT Deal Blocked By Upper House

The Swiss National Council has voted against the Council of State's decision to return the inheritance tax agreement with France to the Federal Council for renegotiation.

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US Business Urges DTA Ratifications

The National Foreign Trade Council has joined with other leading business organizations in sending a letter to every United States Senator calling for expeditious action on the bilateral double taxation agreements and protocols currently pending before the Senate.

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Switzerland Adopts Proposals On Multiple Tax Accords

The Swiss Federal Council has adopted proposals on multiple double taxation agreements, together with a proposal on the first tax information exchange agreements.

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Panama Plans More TIEAs

Panama's Minister for the Economy and Finance, Frank De Lima has confirmed the government will continue to seek out tax information exchange agreements with other nations despite having reached the twelve agreement quota set for inclusion on the Organisation for Economic Cooperation and Development's white list.

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UK, Hungary Sign Updated DTA

The UK and Hungary have inked a new double tax agreement, which will replace the existing treaty and bring the agreement up to date with the latest international standards.

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OECD Reviews Jurisdictions' Tax Transparency

The Organisation for Economic Cooperation and Development has released a series of new Peer Review reports, covering the exchange of information for tax purposes, and making recommendations for improvements in this area.

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Hong Hong, Hungary DTA Comes Into Effect

It has been announced that the double tax agreement between Hong Kong and Hungary, which was formally signed on May 12, 2010, came into effect on February 23, 2011, following the completion by both countries of their respective approval procedures.

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EU Launches Multi-Year Review Of Cross-Border Taxation

The European Commission has published a Consultation, which marks the commencement of a comprehensive multi-year review of the major cross-border issues faced by EU citizens, and proposes solutions for them.

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Hong Kong Ratifies Five DTAs

Hong Kong’s Chief Executive has gazetted five orders under the Inland Revenue Ordinance to implement the comprehensive double taxation agreements with Hungary, Austria, the United Kingdom and Ireland, as well as the Third Protocol to the Arrangement with the Mainland of China.

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Panama To Sign DTA With Luxembourg

The Panamanian government has finalized negotiations in Luxembourg ahead of the signing of a treaty to avoid double taxation between the two countries, announced deputy economy minister, Frank De Lima, who led the negotiating team for Panama.

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Hong Kong Signs DTAs With Kuwait, Hungary

Hong Kong has signed agreements with Hungary and Kuwait for the avoidance of double taxation, which also incorporate the internationally-agreed Organisation for Economic Cooperation and Development standard on the exchange of tax information, and represent the ninth and tenth such agreements it has completed.

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Taiwan And Hungary Sign DTA

On April 19, an agreement for the avoidance of double taxation was signed between Taiwan and Hungary, and is planned to come into force from January 1, 2011.

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NZ Emissions 'Tax' Attacked

The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

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Hong Kong Property Taxes Reviewed

Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

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Malaysia Not Cancelling GST

After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

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Australia Promised Full Debate On Tax Review

Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

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Orascom Loses Algerian Tax Appeal

Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

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Switzerland, Slovakia Initial Revised DTA

It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

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UK Budget To Hit The Rich

Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

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BVI To Review Taxes And Fees

British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.

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Germany Approves Liechtenstein TIEA

Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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