Hungary: GloBE Notification Obligations to be Fulfilled by 31 December 2024
Hungarian business units of a corporate group that fall under the provisions of the global minimum tax (GloBE) must comply with certain registration requirements with the Hungarian tax authorities by 31 December 2024. Otherwise, fines may be imposed.
Just like Germany, Hungary has also implemented the EU guidelines on the global minimum tax into national law. With the so-called autumn package, details on the registration requirements in Hungary were also specified. In this context, the Hungarian tax authorities have now published a corresponding form consisting of two parts (GLOBEA and GLOBEM) on their homepage. It shows that the following information is particularly required:
- Identification data of group members (Hungarian group members and the ultimate parent company, provided it is resident in Hungary),
- the classification of Hungarian group members according to the Hungarian law on the global minimum tax (this refers to which GloBE tax - QDMTT or IIR - the Hungarian business unit is subject to in 2024).
Since the notification obligations in Hungary must be fulfilled for the first time within a very short period by 31 December 2024, corporate groups with Hungarian business units falling under the global minimum tax should collect the required data as soon as possible.
For further details on the notification obligations, please refer to the website post of our RSM colleagues in Hungary.
We are happy to support you in cooperation with our colleagues from the Hungarian RSM company. Please feel free to contact your RSM Ebner Stolz contact person.
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