Author: Pánszky Gyula

The most recent measures of the Hungarian Government adopted and announced in the Official Gazette on 21 April 2020 within the frameworks of the Economic Protection Action Plan are as follows: 1. Tax reliefs The taxpayers are granted an extended deadline until 30 September 2020 to comply with the following tax-related obligations that are or

The most recent measures of the Hungarian Government, adopted and announced on 14 April 2020 within the frameworks of the Economic Protection Action Plan, in order to fill up the Epidemiological Fund, are as follows: 1. In respect of the tax year 2020, a so-called epidemiological extra tax will be introduced, payable by the credit

The most recent Hungarian Government’s economic protection measures, adopted on 10 April, 2020, are as follows: 1. The Government has extended again the scope of business activities upon which tax allowances are granted. Accordingly, the enterprises pursuing any of the following activities as the main business activity are relieved of the payment of the social

The set of economic actions announced on 26 March, 2020 has extended the scope of business activities upon which tax allowances are granted. Accordingly, the enterprises pursuing any of the following activities as their main business activity are relieved of the social contribution, the vocational contribution, the rehabilitation contribution advance, and they shall pay a

The significant measures included in the most recent economic set of actions the Government announced on March 23, 2020 midnight are as follows: 1. Certain acts of the court in the judicial enforcement proceedings will be suspended; during the term of the moratorium, certain enforcement acts are not to be executed (e.g., eviction, on-site auctions).

Having regard to the extraordinary legal order (emergency) announced by the Hungarian government and the issues raised in the past period we hereby provide information, including, but not limited to, the coronavirus as follows: As a result of the emergency declared on 11th March the Hungarian government can introduce emergency measures. In this context, the

According to the provisions set forth in Act CXXI of 1999 on economic chambers, business entities are obliged to pay mandatory chamber’s contribution in every year, in the amount of HUF 5000 until March 31 in the current year, i.e. until March 31, 2020 this year. Information concerning the mandatory chamber’s contribution can be found

Section 2016 of Act CL of 2017 on Taxation introduced the conditional tax fine reduction, the criteria of eligibility to which are the waiver of the taxpayer’s right of appeal against the tax authority’s decision of the first instance and the full payment of the tax difference specified by the authority within the respective deadline.

The Parliament of Hungary has accepted the bill on the establishment of the state budget for 2020. As a part of this bill, Act V of 2006 on Public Information, Company Registration and Winding-up Proceedings has been amended as of 1 October 2019. Previously, the company information service provided free and unlimited access (for inspection)

The government accepted an action plan for the protection of the economy, consisting of 13 plus 1 measures, Mr Mihály VARGA, Minister of Finance, announced at the ’Government Info’, held on 30 May. The core elements of the plan are the simplification of taxation, the reduction and the concentration of certain individual tax rates, and