HUF 5 million Competition Office fine for overstatements

The Competition Office (GVH) established in its official resolution issued in September that Manna Natúr Kozmetikum Kft. has made wide ranging exaggerated promotional statements about the cosmetics functions of the company’s various products (soaps, bath products, essential oils, etc.)

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The deadline for the election of an Occupational Safety Representative is approaching

As we have noted in our recent newsletter, in accordance with the amendment of Act XCIII of 1993 effective as of July 8, 2016, employers with a workforce of 20 people or more must elect an Occupational Safety Representative (OSR). Companies who failed to elect an OSR up to now, must arrange for elections by

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Changes in the Cafeteria system from 2017

As of January 1, 2017, the range of Cafeteria benefits available to employees will significantly change. Non-wage benefits will include two types of benefits with unchanged tax burden. One of them is Széchenyi-card (offering recreational services) – with unchanged accounts and limits -, the other one is a new item to be introduced, the so

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Mandatory nutrition labeling of pre-packaged food from mid-December 2016

The provisions of Regulation No. 1169/2011/EU on the provision of food information , implying mandatory nutrition labeling of pre-packaged food, will enter into force on 13 December 2016.

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Misleading timeshare vacation offers

The Hungarian Competition Authority (HCA) has issued a resolution in which it is stated that SWF HOLDER Kft. has been misleading customers with its timeshare vacation offers since May 2014.

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More employers need to elect an occupational safety representative

A recent amendment to Act No. XCIII of 1993 on Occupational Safety (Mvt.), effective as of 8 July 2016, imposes the mandatory election of occupational safety representatives (OSR) on a larger group of employers.

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New modifications in the EKAER system from 1 August

Amendments are made to some of the provisions of Act No. XCII of 2003 on the Procedural rules of taxation (Art.) governing the Electronic Public Road Trade Control System (EKAER) as of 1 August 2016.

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Amendments to the Labour Code

A new set of laws issued in June 2016 governing the 2017 Central Budget made amendments to Act No. I of 2012 on the Labour Code (Mt.).

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Parliament Adopts Draft Bill for Amending Certain Tax Laws

As mentioned in our former newsletter, the Minister for National Economy submitted a proposal in March 2016 to amend certain tax laws, including proposed amendments to Act XXII of 2014 on Advertisement Tax, as well as Act CIII of 2011 on Public Health Product Tax.

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Parliament Adopts Proposed Amendment to Excise Duty Law

Also on 7 June 2016, the Parliament approved the proposed amendment to the excise duty law, which was introduced in our former newsletter. The proposed draft bill concerns a new regulation of tax and customs duty, which shall establish a new law. The new law shall enter into effect on 1 November 2016; however, this

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