Hungary

We would like to highlight that, from 1 January 2024, the double tax treaty (DTT) concluded between the United States (US) and Hungary has been terminated, and currently there are no signs of its reinstatement or that a new agreement will take its place in the near future. In this regard, US-sourced incomes of Hungarian tax resident individuals and the Hungarian-sourced incomes of US tax nationals might be subject to double taxation depending on the circumstances and nature of incomes.