According to a communication by the Ministry for National Economy (MNE), Hungary will join the OECD convention on information exchange in accordance with the BEPS (base erosion and profit shifting) programme. Each year the tax authorities of almost 50 countries exchange their reports on transfer pricing (Country-by-Country Reporting) thereby protecting the states party to the convention from significant losses in tax revenues. We answer some of the basic questions regarding this topic in our newsletter.
