Month: July 2017

Newsletter July 2017

Contents: The legislation governing the activities of professional Business Address Services Providers has recently changed As of 1 January 2018, all business entities will be obliged to report on holding bank accounts abroad The Tax Authority’s former General Department in charge of supervising gambling activities has been transformed into a standalone official authority A fine

Continue Reading

The legislation governing the activities of professional Business Address Services Providers has recently changed

A new IM Decree was recently issued, amending previous IM Decree No. 7/2017 (VI.1.), which is meant to govern the activities pursued by professional Business Address Services Providers (hereinafter referred to as “BASP”), (which earlier entered into force on 1 July 2017), the effective date of such new decree being 19 July 2017. The most

Continue Reading

As of 1 January 2018, all business entities will be obliged to report on holding bank accounts abroad

The new rules amending the Act on the Procedural rules of taxation (Art.), laid down in Act LXXVII of 2017 (which Act is meant to generically amend the various tax laws), will enter into force on 1 January 2018. Such new rules are primarily meant to facilitate an overall whitening of the national economy, as

Continue Reading

The Tax Authority’s former General Department in charge of supervising gambling activities has been transformed into a standalone official authority

Pursuant to the relevant government decree entering into force on 6 July 2017, a new official authority has been created, named Gambling Supervisory Authority, to substitute a former department previously operating under the Tax Authority, to perform the tasks related to the mandatory state supervision of the organisation of gambling. The chief officer of such

Continue Reading

A fine of HUF 8.12 million was levied for improper product placement, and for violating the rules governing the sponsoring of programmes

The NMHH (National Media and Infocommunications Authority’s) Media Council has levied a fine on the Media Service Provider of TV2, in the above specified total amount, for a violation of the rules applicable to product placements and to the sponsoring of media programmes. The infringement established by NMHH effectively took place during Q1 2017, when

Continue Reading

Various gambling advertisements published were found to be infringing the law

According to an announcement published by NMHH (the National Media and Infocommunications Authority) during July 2017, NMHH issued an official warning against the Media Service Providers of TV channels M4 Sport, Spíler TV, Sport1 and Sport2, on the grounds of publishing advertisements on behalf of an unlicensed gambling operator. The referred channels published advertisements of

Continue Reading