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Hungary agrees to global tax deal, finance minister says By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: Hungarian Finance Minister Mihaly Varga speaks during a business conference in Budapest, Hungary, June 9, 2021. REUTERS/Bernadett Szabo/File Photo

BUDAPEST (Reuters] – Hungary is now ready to sign the agreement for a global corporate tax minimum as its conditions have been fulfilled, Mihaly Varga from Finance Ministry said on Friday.

Varga stated that “we have reached a breakthrough in the global minimum tax agreement… so Hungary was able to join the deal with good intentions.” Varga also said that Hungary’s corporate tax rate of 9% will not be affected as there will be an effective solution to collecting the global tax.

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