The following is a summary of relevant amendments/innovations in 2021, with regards to (1) value added tax and corporate income tax, (2) small business tax and simplified entrepreneurial tax, (3) local business tax and (4) electronic public road trade control system.read more
As of September 1, 2020 the Government of Hungary prohibited the entry of foreign citizens into Hungary and prescribed a quarantine obligation onto returning Hungarian citizens.
In our newsletter, we summarise the rules of the exceptions that nevertheless allow the entry despite the general ban.
The following is a summary of relevant amendments/innovations which are expected in 2020, with regards to (1) value added tax; (2) corporate income tax; (3) personal income tax; (4) simplified entrepreneurial tax and small business tax and (5) some other areas related to accounting/administration.read more
In our newsletter, we would like to introduce the amendment of Act LIII of 2017 on the Prevention and Combating of Money Laundering and Terrorist Financing (the Act), which provides that the concerned organizations and financial institutions have received a grace period for client identification.read more
The most recent legislative changes due to the GDPR modified the rules of the application and operation of the surveillance system. Therefore, it might be appropriate to review the internal control standard concerning the camera surveillance.read more
SUMMARY OF RELEVANT CHANGES OF THE HUNGARIAN LABOUR CODE ON THE USE OF COMPUTER DEVICES BY THE EMPLOYEES
We are hereby presenting the amendments of the Hungarian Labour Code. Under the new regulation, unless otherwise agreed by the parties, the employee may not use the electronic equipments provided by the employer for any private purpose.read more
We hereby present the amendments of tax legislation in Hungary which have taken effect in 2019 related to corporate income tax; value-added tax; personal income tax; fixed-rate tax of small taxpayer enterprises and small company tax.read more
We can state that the adaptation of employers to the narrowed scope of cafeteria items requires careful consideration and preparation, during which not only the legal aspects, but also the social and HR-aspects must be taken into account.read more
As of 1st January 2018 Act CL of 2017 on the Rules of Taxation takes effect, along with Act CLI of 2017 on the Rules Governing Taxation regulating general procedural modalities of taxation.read more
On April 27, 2016, the new EU General Data Protection Regulation No. 2016/679 has been announced, which contains significant changes compared to the effective data protection reg-ulations. In the following summary, we will briefly present the most important provisions of the Regulation.read more
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