The year of 2012 brings significant legislative changes in taxation in several countries, just like in Hungary as well.
As we have published and extract of the main legislative changes earlier, we would like to focus on another field, called Transfer Price Documentation(TPD).
The main changes are as follows:
- Less administration
- Transactions, which are out of scope of the administration
- Language of the documentation
- New definition – new documentation
- Higher penalty consequences
You will find an overview of major requirement changes relating to TPD in the attached document.
In case of any additional questions please contact the responsible person whom we referred to in the pdf.
Accace Hungary team
