How to survive a transfer pricing audit in Hungary
March 14, 2008
Hedvig Solyomvari, of Ernst & Young, reports on the climate for transfer pricing audits in Hungary
The Hungarian Tax Authority generally conducts audits of compliance with Hungarian transfer pricing requirements as part of an overall tax audit (covering various types of taxes). The Tax Authority may initiate a tax audit upon delivery of advance notice to the taxpayer, although any audit must be within the statue of limitation, which is currently six years. Tax audits may be conducted either on-site, or in the offices of the Tax Authority after gathering relevant information from the taxpayer.
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