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Hungary agrees to global tax deal, finance minister says

BUDAPEST, Oct 8 (Reuters) – Hungary has agreed to be a part of the settlement on a global company minimal tax because the circumstances it proposed, which included a 10-year transitional interval, have been met, Finance Minister Mihaly Varga instructed reporters on Friday.

“We have managed to reach a breakthrough on the global minimum tax deal … so Hungary could join the deal with a good heart,” Varga mentioned, including that Hungary’s 9% company tax fee is not going to change, as there will likely be a focused answer to gather the global tax.

Reporting by Krisztina Than;
Editing by Alison Williams

Hungarian Finance Minister Mihaly Varga speaks during a business conference in Budapest, Hungary, June 9, 2021. REUTERS/Bernadett Szabo/File Photo

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