{"id":5802,"date":"2025-07-15T09:08:43","date_gmt":"2025-07-15T07:08:43","guid":{"rendered":"https:\/\/mgi-bpo.hu\/?post_type=szakmai-hirek&p=5802"},"modified":"2025-07-15T09:17:45","modified_gmt":"2025-07-15T07:17:45","slug":"global-minimum-tax-key-changes-in-the-hungarian-implementation-what-local-subsidiaries-need-to-know","status":"publish","type":"szakmai-hirek","link":"https:\/\/mgi-bpo.hu\/en\/news\/global-minimum-tax-key-changes-in-the-hungarian-implementation-what-local-subsidiaries-need-to-know\/","title":{"rendered":"Global Minimum Tax: Key Changes in the Hungarian Implementation \u2013 What Local Subsidiaries Need to Know"},"content":{"rendered":"

In June 2025, the Hungarian Parliament passed the spring tax package, introducing several modifications that affect the domestic implementation of the global minimum tax (OECD Pillar II)<\/strong>. The changes were published in Act LIV of 2025, in issue 73 of the Hungarian Gazette (Magyar K\u00f6zl\u00f6ny), and they align with the previously submitted bill without any substantial alterations.<\/p>\n

The amendments target three main areas that are particularly relevant for Hungarian subsidiaries of international corporate groups<\/strong>.<\/p>\n

    \n
  1. Extended deadline for GloBE information filing<\/strong><\/li>\n<\/ol>\n

    From now on, the filing deadline for reporting obligations related to top-up tax liability has been extended:<\/p>\n

      \n
    • The new due date is the last day of the second month<\/strong> following the end of the fiscal year,<\/li>\n
    • For calendar year taxpayers, this means February 28<\/strong> of the following year.<\/li>\n<\/ul>\n

      Previously, this deadline was the end of December. The amendment gives more time to collect the necessary information<\/strong> from:<\/p>\n

        \n
      • the ultimate parent entity (UPE),<\/li>\n
      • and any other Hungarian group entities subject to GloBE reporting.<\/li>\n<\/ul>\n

        Why it matters for Hungarian subsidiaries:<\/strong><\/p>\n

        Even if your Hungarian entity is not responsible for preparing the consolidated GloBE return, you may still have obligations to submit or support local filings<\/strong>, making coordination with the group tax function essential.<\/p>\n

          \n
        1. Extension of the default penalty scope<\/strong><\/li>\n<\/ol>\n

          The act also extends the scope of the HUF 10 million (approx. \u20ac25,000) default penalty<\/strong> to apply in the following cases:<\/p>\n

            \n
          • Incomplete, inaccurate or incorrect GloBE returns<\/strong>,<\/li>\n
          • Failure to file required data reports<\/strong> related to the domestic top-up tax.<\/li>\n<\/ul>\n

            This amendment enters into force on the 31st day after publication<\/strong>: August 19, 2025.<\/p>\n

            Important transitional relief:<\/strong><\/p>\n

            For tax years beginning before December 31, 2026<\/strong>, the penalty can be waived if the affected entity acted in line with what could reasonably be expected<\/strong> in the given situation.<\/p>\n

              \n
            1. New accounting treatment: accruals required<\/strong><\/li>\n<\/ol>\n

              From January 1, 2026<\/strong>, the Hungarian Accounting Act introduces a new rule:<\/p>\n

                \n
              • The expected top-up tax liability must be recognized as deferred (accrued) income<\/strong> in the books for the current financial year.<\/li>\n
              • This accrual must be reversed when the final tax is determined and reported<\/strong>.<\/li>\n<\/ul>\n

                What does this mean in practice?<\/strong><\/p>\n

                Hungarian entities will need to:<\/p>\n

                  \n
                • Estimate their share of the global top-up tax before the GloBE calculation is finalized.<\/li>\n
                • Document the assumptions and coordinate with the parent company\u2019s finance and tax teams.<\/li>\n
                • Ensure alignment with group-level reporting and audit expectations.<\/li>\n<\/ul>\n

                  Summary<\/strong><\/p>\n

                  These changes aim to align Hungarian domestic rules with international standards under Pillar II, but they also introduce new compliance risks and additional administrative burdens<\/strong> for local subsidiaries. In particular, it is essential that Hungarian entities:<\/p>\n

                    \n
                  • Establish strong collaboration with the group-level GloBE coordinators.<\/li>\n
                  • Build internal controls to support accurate reporting.<\/li>\n
                  • Understand both the tax and accounting implications<\/strong> of the local implementation.<\/li>\n<\/ul>\n

                    If your group is affected by the global minimum tax and you want to ensure full compliance with the Hungarian rules, our experts are here to support you.<\/p>\n","protected":false},"featured_media":5803,"template":"","tags":[554],"evszam":[765,1031],"szakmai_cimke":[1052,1046,1050,1054,1048,1049,1051,1053,1055,1047,900],"class_list":["post-5802","szakmai-hirek","type-szakmai-hirek","status-publish","has-post-thumbnail","hentry","tag-highlighted","evszam-2025-en","evszam-2026-en","szakmai_cimke-accountingcompliance","szakmai_cimke-globalminimumtax","szakmai_cimke-globerules","szakmai_cimke-hungariansubsidiaries","szakmai_cimke-hungariantaxlaw","szakmai_cimke-internationaltaxation","szakmai_cimke-multinationalenterprises","szakmai_cimke-oecdguidelines","szakmai_cimke-pillarii-en","szakmai_cimke-taxpackage2025","szakmai_cimke-transferpricing"],"yoast_head":"\nGlobal Minimum Tax: Key Changes in the Hungarian Implementation \u2013 What Local Subsidiaries Need to Know - MGI-BPO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mgi-bpo.hu\/en\/news\/global-minimum-tax-key-changes-in-the-hungarian-implementation-what-local-subsidiaries-need-to-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Minimum Tax: Key Changes in the Hungarian Implementation \u2013 What Local Subsidiaries Need to Know - MGI-BPO\" \/>\n<meta property=\"og:description\" content=\"In June 2025, the Hungarian Parliament passed the spring tax package, introducing several modifications that affect the domestic implementation of the global minimum tax (OECD Pillar II). 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