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7/16/2022 United States’ Notification of Termination of 1979 Tax Convention with Hungary | U.S. Department of the Treasury U.S. DEPARTMENT OF THE TREASURY United States’ Notification of Termination of 1979 Tax Convention with Hungary July 15, 2022 WASHINGTON — The U.S. Department of the Treasury today announced that on July 8, 2022, the United States notified Hungary of its termination of the Convention between the Government of the United States of America and the Government of the Hungarian Peopleʼs Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, in force since 1979 (the “Convention”). In accordance with the Conventionʼs provisions on termination, termination will be e ective on January 8, 2023. However, as specified in the Convention, with respect to taxes withheld at source, the Convention shall cease to have e ect on January 1, 2024. In respect of other taxes, the Convention shall cease to have e ect with respect to taxable periods beginning on or a er January 1, 2024. https://home.treasury.gov/news/press-releases/jy0872 1/1
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