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
Author: Pánszky Gyula
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
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
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
In the order made on March 23, 2017 the president of the general court dismissed Hungary’s application for interim measures, filed parallel with the action for the annulment of the Commission’s decision concerning the advertisement tax. By a separate document, lodged in January, Hungary claimed for the suspension of the operation of the contested decision
Contents: The European Court dismissed the application for the suspension of operation of the decision concerning the advertisement tax Certain types of business entities can be established without procedural fee payment obligation, as of 16 th March Fate of advertising tax still unknown – Hungary files a legal challenge against the European Commission’s negative decision
Act II of 2017 on the revocation of certain stamp duties and procedural fees related to administrative proceedings entered into force on 16 March 2017, as a result of which several types of official proceedings will be conducted free of stamp duties and fees in the future. The most important news for business entities is
As we reported in detail in our previous summary, the European Commission published a negative decision on the compatibility of the advertisement tax introduced in Hungary in August 2014, with the EU state aid rules, upon the completion of a comprehensive investigation launched in 2015. As it is established by the Commission in its decision
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, 2017 this year. Information concerning the mandatory chamber’s contribution can be found
Limited liability companies with registered capital below HUF 3 million shall increase their capital until March 15, 2017 the latest; concurrently, the entities shall also decide on continuing operations in accordance with the provisions set forth in the Civil Code and simultaneously amend the deed of foundation as per compliance to the new rules. The
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