“The book is recommended to all with a knowledge of international tax law who are interested in Hungarian investments or generally tax planning involving Hungary.....the book excels in the display of tax planning case studies taken from real business situations.”
Tamas Peterfalvi, Former legal advisor, Hungarian Ministry of Finance
British Tax Review

An in-depth look at the tax system of Hungary. Since the completion of Hungary's legal and tax system reforms which commenced more than a decade ago in the transition from a centrally planned to a modern market economy, recent amendments have mainly focused on fine-tuning. This book recapitulates Hungary‘s experiences to date in the area of fiscal law.

The book provides the basics of the national fiscal law, while seeking to clarify the fiscal law implications of cross-border transactions. While keeping the description of the principles of taxation to a minimum, the book aims to identify the tax consequences of transactions, business schemes and company structures. Based on international standards and comparison with foreign law, the national and international tax law considerations of the major categories of taxable income are analysed.

• Part I – Introduction: Hungary: a focal point of investments in Central Europe; Legal environment; Business associations.
• Part II – Corporate and Income Taxation: The principles of the taxation of resident corporations; International corporate tax issues under Hungarian national law; The principles of the income taxation of individuals; Compulsory social insurance contributions and like charges
• Part III – Indirect taxes, Tax Administration: The principles of VAT in Hungary; Local rates; Tax administration.
• Part IV – Treaty Policies, Anti-avoidance legislation, Tax competition: Hungarian treaty practices; Assessment of the Hungarian fiscal system in an international and Community law perspective

Daniel Deak is a practicing tax lawyer, as well as a full professor of Business Law and Taxation at the Budapest University of Economics and Public Administration. Professor Deak is actively involved in research involving the subject of comparative and international business law and taxation. He has been the founding president of the Hungarian national branch of International Fiscal Association, and is a member of the Budapest Bar.

• Belgium in International Tax Planning 2nd Edition
  by Patrick A.A. Vanhaute
• Denmark in International Tax Planning
  by Daniel Deak
• Ireland in International Tax Planning 2nd Edition
  by Charles Haccius
• Luxembourg in International Tax Planning 2nd Edition

      by Philip J. Warner and Marc Schmitz

• Netherlands in International Tax Planning 2nd Edition

      by Johann Muller    

• Switzerland in International Tax Law 3rd Edition
  by Xavier Oberson and Howard R. Hull