Tax Newsletter 2013/8- Hungarian- Swiss tax treaty

At the beginning of the year, János Lázár expressed his claim that the Swiss banks should make all information available which are suitable for identifying Hungary-related bank accounts with the purpose of involving  these amounts in Hungarian taxable incomes. On 12 September the new Hungarian-Swiss Treaty was born, which already contains the regulations for making information available.

The present newsletter of Mazars Hungary investigates among others – according to the wording of the Treaty published on the Parliament’s website – how the government’s preliminary conception of the  information exchange was realized.

To know more about the topic, we recommend to download the document below: