Month: May 2016

Proposal on the amendment to certain tax acts

The Ministry for National Economy submitted a proposal on 3 May 2016 to amend certain tax acts and other related legislation, including proposed amendments to Act CXXII of 2010 on the National Tax and Customs Administration of Hungary (NAV) – including Act XXII of 2014 on Advertisement Tax (“ATA”), as well as amendments to Act

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Proposal on the new Excise Act

Also on 3 May 2016, a proposal on the new Excise Act was submitted. According to the reasoning of the proposal it is aimed toward procedural simplification, improved clarification, and better transparency, as well as the reduction of administrative burdens and the minimization of abuse (fraud) within the system.  

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Publication of third-party advertisements on Facebook pages shall be permissible without special permission

In April 2016, the Facebook policy regarding social networking  pages (“Pages”) were modified – as such, it is now possible to publish so-called “Branded Content”, without special permission – be it text posts, photos, videos, or links featuring third-parties (products, brands, sponsors, advertisers, etc.) that are different from the Page owner, but only under certain

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Program fee may be enforced for significant linear transmission audiovisual media service providers

Government Decree no. 86/2016 (IV. 25.) entered into force on 26 April 2016, according to which linear transmission audiovisual service providers with significant influence (i.e. TV2 and RTL ), in terms of the most significant audience size shall be eligible for program fees. This shall be available through an agreement with the broadcaster, the content

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Decrease in roaming charges in the EU

Regulation (EU) No. 531/2012 of the European Parliament and of the European Council on roaming on public mobile communications networks within the Union was amended on 30 April 2016 by Regulation (EU) No. 2120/2015, resulting in advantages for end-users.

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One year deferral granted for limited liability companies to increase issued capital

In March, the Parliament promulgated amendments to the Act regarding the transitional rules and empowering provisions of the Act V of 2013 on the Civil Code with regard to Business Associations.

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