Hungary Agrees to Global Tax Deal, Finance Minister Says

By Reuters
Reuters
Reuters
October 8, 2021 Updated: October 8, 2021

BUDAPEST—Hungary has agreed to join the agreement on a global corporate minimum tax as the conditions it proposed, which included a 10-year transitional period, have been met, Finance Minister Mihaly Varga told 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 said, adding that Hungary’s 9 percent corporate tax rate will not change, as there will be a targeted solution to collect the global tax.

Reuters