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Ilona Orbók
Tax Advisory | Partner, Managing director
The rules of the global minimum tax have been applicable in Hungary since 2024 and impose significant administrative burdens on multinational enterprise groups and large domestic groups. Compliance requires accurate data collection, calculations, and regular reporting. The tax advisory team of BDO Hungary provides support in meeting global minimum tax obligations.
What is the global minimum tax?
The global minimum tax is an international tax framework developed by the OECD that ensures large corporate groups pay at least a 15% effective tax rate in every country where they operate. The regulation aims to reduce tax base erosion and harmful tax competition.
Who is affected by the global minimum tax?
The GloBE rules apply to:
- multinational enterprise groups with consolidated revenues reaching EUR 750 million;
- large domestic corporate groups that also meet the revenue threshold;
- all Hungarian group members that belong to such groups, even if they do not have an actual tax payment obligation.
- multinational enterprise groups with consolidated revenues reaching EUR 750 million;
- large domestic corporate groups that also meet the revenue threshold;
- all Hungarian group members that belong to such groups, even if they do not have an actual tax payment obligation.
Registration and reporting
Companies subject to global minimum tax must register and file returns annually with the Hungarian tax authority (NAV).
Failure to meet reporting obligations can result in penalties of up to HUF 10 million. Accurate data collection, correct tax base determination, and meeting deadlines are essential.
Failure to meet reporting obligations can result in penalties of up to HUF 10 million. Accurate data collection, correct tax base determination, and meeting deadlines are essential.
Main risks of non-compliance:
- significant financial penalties
- increased tax authority audits
- group-level compliance issues
- reputational risks
How can BDO support you?
BDO Hungary’s tax advisors provide support in fulfilling global minimum tax obligations:
- preparation and submission of registration
- preparation of tax returns and reporting
- calculation of tax base and determination of effective tax rate
- assessment of exemption conditions
- ongoing advisory and deadline monitoring
BDO’s experts ensure that your company complies with all GloBE obligations accurately and on time, minimizing the risk of penalties and tax authority audits
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