Companies are at risk of double taxation due to global tax reforms
Worldwide, transfer pricing conditions are becoming increasingly unpredictable due to global tax reforms and inflation, according to EY’s survey of 1,000 large company executives in more than 40 countries, including Hungary. Domestic companies must also take into account the termination of the American-Hungarian tax treaty and the impact of numerous domestic legislative changes.
The vast majority of respondents (84%) fear double taxation as a result of the reforms introduced in international taxation. According to 71 percent of professionals, and higher interest rates, more than half (51%) of the participants in the research will influence the pricing of linked transactions in the long term.
“The reform of the international tax system is taking place before our eyes, which will bring drastic changes in the life of domestic companies as well. In addition to the termination of the American-Hungarian tax treaty and the introduction of the global minimum tax, many new tasks fall on companies, as the corporate tax has changed, among other things, and the accounting rules have also changed.”
– pointed out András Módos, tax partner of EY.
Related news
Senior executives and users have sharply different opinions about the reliability of artificial intelligence – international survey
There is a sharp divergence in the views of senior…
Read more >EY survey: domestic businesses focus on stability while preparing for growth
Hungarian businesses are currently focusing on operational stability, and are…
Read more >Hungarian companies are already being attacked using AI
According to research by EY, AI has become one of…
Read more >Related news
Drought, technological competition and collaboration: the domestic melon season has begun
The 2025 Hungarian melon season starts amidst serious challenges: the…
Read more >Leadership change at Fornetti: Nándor Szabó is the new Managing Director
Nándor Szabó will take on the role of CEO of…
Read more >Change in Zwack management: Csaba Belovai is the new CEO of Zwack Unicum Plc.
According to the decision of the owners of Zwack Unicum…
Read more >