We would like to bring an important update to your attention regarding the Hungarian GloBE registration obligation.
Hungarian Constituent Entities are generally obliged to notify the Hungarian Tax Authority (HTA) on a specific form about their taxpayer status for Hungarian GloBE / QDMTT purposes. Initially, the notification form had to be submitted to the HTA within 12 months from the beginning of the given tax year (i.e., by 31 December for calendar-year groups). However, as per the latest legislative updates, the notification should be submitted by the last day of the second month following the given tax year (i.e., by 28/29 February for calendar-year groups).
The extension entered into force on 20 June 2025, therefore, groups with financial year ending on or after 20 June can apply the extension for the fiscal year starting in 2024 as well.
Starting from tax year 2025, the extended deadline should be applicable for all Hungarian Constituent Entities (28/29 February of the following year for calendar-year groups).
The key considerations in connection with the notification remained unchanged:
In case of late submission of the notification, the Hungarian tax authority may impose five million HUF (approx. 12,500 EUR) penalty per Hungarian constituent entity.
Further to the above, please also note that the 2024 Hungarian QDMTT advance payment and return submission deadline (20 November 2025 for calendar-year groups) is rapidly approaching. Therefore, we recommend finalizing all relevant analyses and calculations to ensure compliant filing positions.
Deloitte Hungary would be pleased to assist with the preparation of the above notification or any further GloBE matters. Feel free to reach out to our colleagues if you have any questions.