Please note that corporate tax return form no. 2229 for 2022 has been published on the website of the Hungarian Tax and Customs Authority (NAV). In order to comply with the reporting obligation regarding the determination of the arm’s length prices, starting this year, taxpayers must complete forms 2229-ATP-01 and 2229-ATP-KV. The ATP-01 form must be completed for the transaction in question, while the ATP-KV form must be completed for the related party information in connection with the transaction shown in the ATP-01 form.

The details of how to provide the data have been previously presented in our newsletter and emails, but at this time we would like to once again highlight the following from the instructions for the form:

All corporate tax returns with a filing deadline after 31 December 2022 are subject to the reporting obligation. Annual corporate tax returns for which the filing deadline falls on or before 31 December 2022 are not subject to the reporting obligation, even if the taxpayer submits a tax return after the statutory deadline.

If you have any further questions in connection with the above, the transfer pricing team of Grant Thornton is pleased to be at your service!

This newsletter is based on the information available at the date of its publication and is written for general information purposes only; therefore, it does not constitute or replace personalised tax advice in any respect.