Month: June 2016

Parliament Adopts Draft Bill for Amending Certain Tax Laws

As mentioned in our former newsletter, the Minister for National Economy submitted a proposal in March 2016 to amend certain tax laws, including proposed amendments to Act XXII of 2014 on Advertisement Tax, as well as Act CIII of 2011 on Public Health Product Tax.

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Parliament Adopts Proposed Amendment to Excise Duty Law

Also on 7 June 2016, the Parliament approved the proposed amendment to the excise duty law, which was introduced in our former newsletter. The proposed draft bill concerns a new regulation of tax and customs duty, which shall establish a new law. The new law shall enter into effect on 1 November 2016; however, this

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Further Civil Code Amendments

The Parliament brought a decision on 13 June 2016 concerning proposed amendments to Act V on the Civil Code submitted by the Minister of Justice in May 2016.

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European Union Regulation on General Data Protection adopted

The unified regulation No. 2016/679 on general data protection of the European Parliament and Council was adopted and on 24 May 2016, which, after years of negotiations, will enter into effect on 25 May 2018 and will replace the data protection directive of 1995. While the former directive-level regulation resulted in a coordination that more

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Guide to the Unfair Commercial Practices Directive

The European Commission published the new guide to Directive 2005/29/EC on unfair commercial practices of business entities against consumers on the internal market on 25 May 2016.

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Amendments to the Electronic Communications Act to Build High-Speed Electronic Communication Networks

The primary objective of the amendments was to finish the implementation of the relevant EU Directive, as it is an EU objective to ensure that by 2020 every EU citizen can have access to a high-speed internet connection of at least 30 Mbps bandwidth.

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