Hungary Publishes Minimum Top-Up Tax Declaration Form

Hungary issued its official form for declaring advance payments of qualified domestic minimum top-up tax Wednesday.

The four-page form comes with 13 pages of filing instructions, also published Wednesday. The announcement from the National Tax and Customs Administration follows the Oct. 15 publication of the form’s draft version.

• The qualified domestic minimum top-up tax, or QDMTT, is a key part of the global minimum tax framework developed by the Organization for Economic Cooperation and Development.
• It allows a country to impose a minimum tax of 15% on locally earned undertaxed income, rather than leaving taxation of that income to ...