Stricter rules suggested on corporate tax avoidance

The preparation of the new anti-tax avoidance directive has arrived to a new phase, since the European Commission has submitted a new proposal that follows the recommendations made by the European Parliament in November-December 2015. The European Parliament welcomed the proposal, although the members of the European Parliament would set stricter limits on deductions for interest and stricter rules on foreign income.

2017 tax package approved

The Hungarian Parliament approved the new tax regulations for 2017. The key changes in the Act on the Rules of Taxation are, among others, certain changes in the classification of reliable and risky taxpayers, the provisions on the suspension and cancellation of the tax number and modifications relating to EKAER (Electronic Public Road Trade Control System).