Stricter international tax rules
A two-year negotiation process came to an end in September, when upon the initiative of the G20 group OECD completed its action plan for addressing the problems of base erosion and profit shifting (BEPS Action Plan). The action plan identifies 15 focus areas and according to Gabriella Nagy, transfer pricing senior manager of MAZARS Hungary, it perfectly specifies what steps need to be taken. In her view OECD’s efforts are going in the right direction as regards international transfer pricing, therefore many countries have already incorporated the recommendation into their national legislation. The expert thinks that Hungary will soon do to the same. One of the most important changes is that the new recommendation targets the mapping of areas such as activities related to intangible assets and intra-group financing.
Related news
Related news
The latest issue of Trade magazin is out now!
The digital version is available with more content once again…
Read more >FAO: global food prices increased for the second month in April on a monthly basis
In April, global food prices rose for the second month…
Read more >Beauty care travels at breakneck speed
Beauty care is one of the fastest growing markets in…
Read more >