Author: Pánszky Gyula

As one of our previous newsletters indicated, the excise duty regulations are significantly changing in 2017. Instead of 1 January 2017, as earlier proposed, due to another amendment at year-end last year, the substantive provisions of the new act (Act LXVIII of 2016) will become effective on 1 April 2017, and pursuant to the transitional

Pursuant to the Act on the general rules for electronic administration and trust services (E-administration Act), economic operators are required to register their availability for electronic contact, i.e. the so called “official availability” in the Disposition Register, by not later than 31 August 2017. The official availability must be a contact address that is suitable

As of January, the relevant provision of Act CXXVII of 2007 on Value Added Tax applicable to the mandatory information to be stipulated on invoices is changed. Previously the law stipulated that in cases when the amount of VAT payable by the purchaser of the goods / recipient of the service exceeds HUF 1,000,000, and

As of 1 January 2017, the tax base for certain individually defined benefits not qualifying as non-wage benefit, and for non-wage benefits, is calculated as 1.18 times the benefit amount, pursuant to Act CXVII of 1995 on the Personal Income Tax. Earlier, the multiplier applied was 1.19. As for promotions, the amendment is relevant for

The Hungarian Competition Authority (GVH) fined Magyar Telekom Nyrt. for an infringement of comparative advertising rules, and for misleading customers. The supervision proceedings were opened in relation to a campaign including the slogan “largest size 4G network”, and GVH established that Telekom provided a comparative analysis of the 4G network coverage of Telekom and its

The European Commission submitted its proposal for an amendment of Directive 96/71/EC concerning the posting of workers in the framework of the provision of services.

The Act amending various laws relating to school cooperatives has revoked certain provisions of the Labour Law (Mt.) applicable to the special rules of employment between school cooperatives and their members as of  September 1, 2016, and simultaneously, the rules applicable to employment by school cooperatives are transferred under the scope of Act X of

The Parliament debate on the draft version of the new Civil Procedure Act, the detailed debate commenced on  October 3, 2016.

The new amendments aim to prevent shareholders trying to get rid of their liability for the company’s outstanding tax debt by selling their shares.