Hungary agrees on global tax transactions, says Treasury Minister


Hungary’s Finance Minister Mihaly Varga spoke at a business conference in Budapest, Hungary on June 9, 2021. (BernadettSzabo / Reuters)

Budapest-Hungary has agreed to join the agreement on a global corporate minimum tax because the proposed conditions, including a 10-year transition period, have been met, Finance Minister Mihaly Varga told reporters Friday.

“Hungary can take part in the transaction with all its heart because it has made a breakthrough in the world’s lowest tax transaction,” Barga added, adding that Hungary’s 9% corporate tax rate will remain unchanged. Collect global tax.

Reuters

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