As of 1 January 2025, Hungary has implemented the TEÁOR’25 classification system, replacing the TEÁOR’08 system that had been in place since 2008. The TEÁOR system (the Standard Industrial Classification of Economic Activities) is used, among other things, to classify the principal and secondary activities of Hungarian companies. I. CONVERSION OF THE PRINCIPAL ACTIVITY CODE
Author: Pánszky Gyula
The Act on the amendment of certain tax laws has been accepted by the Parliament, according to which the advertising tax will be suspended for another year, i.e. 2025.
Pánszky Law Office, a Hungarian boutique law firm, celebrates its 20th Anniversary. Our law firm was founded in 2004 by dr. Gyula Pánszky, focusing on the full spectrum of business law, specialising primarily in advertising, media, telecommunications, corporate and commercial law, but also providing a full range of legal services in the areas of employment law,
Contents: Mandatory chamber contribution until March 31, 2024 Instant bank transfers in the EU Lidl fined HUF 90 million by the Competition Authority for misleading advertising communication Government imposed mandatory notice on reduced unit pack sizes for pre-packed products NMHH Decree No. 2/2024 (I. 23.) on the National Advertising Register Pánszky Law Firm 20th Anniversary
According to the Act CXXI of 1999 on Chambers of Commerce, economic entities are obliged to pay a chamber contribution every year, which amount is HUF 5,000 / year, and must be paid by 31 March of the current year, ie. by 31 March 2024 this year. The existing and newly established enterprises have to
The Council of the European Union has adopted a regulation allowing immediate transfers in Eurosin the EU and the countries of the European Economic Area (EEA). The new rules will allow the funds transferred to reach the bank accounts of retail customers and businesses immediately.
In its commercial communication applied from 13 February 2023, Lidl Magyarország Kereskedelmi Bt. made the following claim suggesting market leadership: “Lidl is the cheapest food chain”, which message was not adequately supported, as the supermarket chain had supported this slogan with a third-party survey, however the survey conducted by Pénzcentrum was subjective and non-representative, so
Government Decree No. 1/2024 (I. 9.) on the measures necessary to reduce the inflationary effect on food products was recently published, according to which, if the size of a new unit pack of a given product is smaller than that of the product manufactured by the same manufacturer in the period between 1 January 2020
NMHH Decree No. 2/2024 (I. 23.) on the National Advertising Register was published on 23 January 2024 by the President of the National Media and Infocommunications Authority (“NMHH”) and entered into force on 24 January 2024, according to which, at the request of the owner of the advertising device, the NMHH will register the advertising
REPORTING ABUSE, I.E. WHISTLEBLOWING Pursuant to Act XXV of 2023 on Complaints, Reporting Abuse and Whistleblowing Rules (the “Complaints Act”), companies with 50 employees or more are required to establish and operate an internal whistleblowing system. The Complaints Act regulates how whistleblowing should be handled and the whistleblowers protected. WHO CAN REPORT AN ABUSE? Through
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