Transfer pricing documentation rules have existed in Hungary since 2003. Besides the implementation of the EU code of conduct on documentation, the end of 2011 brought about the most significant changes to date in the Hungarian regulations. This Alert provides a summary of the new or amended documentation rules.
Decree No. 22/2009 (X. 16.) of the Ministry of Finance has been amended effective from 1 January 2012. The majority of the amendments aims for simpli burden should decrease. We summarize the new rules in the
Source: Ernst & Young (1) & (2)