Hungary has 83 tax agreements in force as reported in its response to the Peer Review questionnaire. Forty-seven of those agreements comply with the minimum standard.
Hungary signed the MLI in 2017 and deposited its instrument of ratification on 25 March 2021. The MLI entered into force for Hungary on 1 July 2021. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Hungary has not listed its agreements with Mongolia, Montenegro and Switzerland under the MLI and indicated in its response to the Peer Review questionnaire that steps have been taken (other than under the MLI) to implement the minimum standard in its agreement with Switzerland. Hungary also indicated in its response to the Peer Review questionnaire that the agreements with Mongolia and Montenegro do not give rise to material treaty-shopping concerns for Hungary and that those agreements may be amended bilaterally in the future to comply with the minimum standard.
Hungary is implementing the minimum standard through the inclusion of the preamble statement and the PPT.1