Hungary Tax Agency Issues Guide on Taxation of Individual Income From Abroad

The Hungarian National Tax and Customs Administration Jan. 29 issued a guide on the taxation of individual income received from abroad. The guide includes rules on: 1) determining tax residency for the assessment of tax liability; 2) tax treatment of different types of individual income under the DTAs with Hungary; 3) tax treatment of income received from countries that have no DTA with Hungary; 4) converting foreign income into Hungarian forint; 5) tax payments and filing returns for foreign income; 6) claiming tax credits; and 7) tax treatment of social security contributions. [Hungary, National Tax and Customs Administration, 01/29/20]

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