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SUMMARY OF AMENDMENTS OF TAX LEGISLATION OF THE YEAR 2020

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.

DEADLINE EXTENSION FOR BANK CLIENT IDENTIFICATION

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.

THE AMENDMENTS OF THE REGULATION OF THE SURVEILLANCE SYSTEM

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.

Hogy találsz ide

Budapest, Tündér lépcső 7/D

Budapest, Schweidel u. 29/b

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