TIEA between Hungary and Guernsey has Entered into Force

The tax information exchange agreement between Hungary and Guernsey entered into force on 7 March 2014. The agreement is the first of its kind between the two countries and applies for criminal tax matter from 7 March, and for all other tax matters for tax periods beginning on or after that date.

Taxes Covered

The agreement applies to the following Hungarian taxes:

• Personal income tax
• Corporate income tax
• Land parcel tax
• Building tax
• Value added tax

The agreement applies to the follow…