Hungarian multiple tax exclusion conventions

Double taxation means that a business is liable to taxation on the same income in multiple countries. Hungary is in a particularly fortunate situation in this respect, as it has concluded international agreements with more than 80 countries which exclude this so-called double taxation.

The range of the countries with which Hungary has such an international treaty is constantly expanding and in order to facilitate international economic relations these are constantly extended.

The agreement with the United States of America is currently being revised, but under the current convention in force, the issue is resolved. In addition, a new treaty has been concluded with Iraq and is awaiting ratification by Iraq. Hungary has already ratified both treaties.

It is important that if you wish to move the income of your businesses in different countries, that is, between Hungary and a specific other country, it is advised to familiarise with the tax system of the other country as well.