ArticleTöbb mint kétszer annyit adóznak a hagyományos cégekA fenti folyamatokat figyelembe véve nem csoda, hogy az Európai Bizottság 2018.HungaryTaxKCG Partners Law Firm
ArticleVAT Exemption For Individuals Will Be Increased To HUF 12 MillionFrom January 2019 the VAT exemption threshold for individuals will be increased to HUF 12 million from the current limit of HUF 8 million. During the summer 2018 the Hungarian Parliament...HungaryTaxKCG Partners Law Firm
ArticleCouncil Directive Against Tax Avoidance PracticesThe Council adopted the anti-tax avoidance directive ("ATAD", Council Directive (EU) 2016/1164) in 2016. HungaryTaxKCG Partners Law Firm
ArticleMultinationals To Pay Taxes Where Profits Are MadeCorporations often use loopholes to avoid paying taxes, by shifting profits to EU countries with lower taxes.HungaryTaxKCG Partners Law Firm
ArticleThe Effects Of Termination Of The Reduced VAT Rate Relating To New FlatsUnder the Hungarian VAT Act, from 1 January 2016 instead of the general VAT tax rate of 27%, a reduced tax rate of 5% is applicable to the flats to be constructed or existing in a multi-unit residential building...HungaryTaxKCG Partners Law Firm
ArticleVAT Treatment Of Property Sales After The End Of The 5% Vat RateFrom 1 January 2020, the reduced tax rate of 5% applicable to the flats to be constructed or existing in a multi-unit residential building with a total net floor space not exceeding 150 square meters and to the...HungaryTaxKCG Partners Law Firm
ArticleHungarian VAT Regulations Are Contrary To The EU LawA grain trader Hungarian company had requested to refund of about HUF 4.5 billion VAT from the tax authority.European UnionTaxKCG Partners Law Firm
ArticleBusiness Associations To Report Foreign Bank Account Data Until 31 January 2018According to the new Hungarian tax procedural act entered into force on 1 January 2018, business associations are obliged to report data about their foreign bank accounts to the tax authority. HungaryTaxKCG Partners Law Firm
ArticleCivil Law - Ownership Registration With "Zero Certificate" In HungaryThe analysis involved cases between the period of 1 January 2014 and 31 December 2015, and covered 25 different questions.HungaryReal Estate and ConstructionKCG Partners Law Firm
ArticleProposition On The Modernisation Of EU Company LawsIn order to promote economic growth, create jobs and attract investments in the EU, in December 2018 the European Commission adopted a proposal for a directive on modernising the existing EU companyEuropean UnionCorporate/Commercial LawKCG Partners Law Firm
ArticleVacation Time Rights In The EUThe European Court of Justice ("ECJ") issued a decision in November 2018 stating that employees do not lose their right to receive compensation for their unused vacation days...European UnionEmployment and HRKCG Partners Law Firm
ArticleChange In The Customs Legislation In HungaryCurrently the provisions of the Act on the General Rules of Administrative Proceedings and Services are applicable as underlying rules in most of the procedural matters in respect of administrative customs.HungaryInternational LawKCG Partners Law Firm
ArticleAirbnb's Popularity Was No Excuse For Not Complying With EU Consumer Rules According To The EU CommissionThe EU Commission and consumer authorities warned Airbnb (online accommodation marketplace) to align its terms and conditions with EU consumer rules and to be transparent on pricing.HungaryConsumer ProtectionKCG Partners Law Firm
ArticleNew Act On Trade Secrets And Know-How In HungaryThe Directive 2016/943 on the protection of undisclosed know-how and business information against their unlawful acquisition, use and disclosure was adopted by the European Parliament...HungaryIntellectual PropertyKCG Partners Law Firm
ArticleHungarian Legislative Amendments Relating To The GDPRThe Hungarian Government submitted a bill to the Hungarian Parliament in February 2019.HungaryPrivacyKCG Partners Law Firm
ArticleLegislators Sign Off On Major Reform Of EU Electricity MarketIn December 2018, EU legislators agreed to adopt new electricity market rules to better integrate renewable energy, to help consumers switching energy providers and to end state subsidiesEuropean UnionEnergy and Natural ResourcesKCG Partners Law Firm
ArticleData Transfers Under The GDPR In Case Of A No-Deal BrexitIn the absence of an agreement between the EEA and the UK (no-deal Brexit), the UK becomes a „third country" as of 00.00 am CET on 30 March 2019.HungaryGovernment, Public SectorKCG Partners Law Firm
ArticleProfound Modification Of Trademark SystemAn amendment to the act on industrial properties enters into force on 1 January 2019.HungaryIntellectual PropertyKCG Partners Law Firm
ArticlePreparation Of An Anti-Tax Evasion System In HungaryAccording to the announcement of the state secretary for tax matters issued in February 2019, the Hungarian Ministry of Finance is planning to introduce a new system.HungaryTaxKCG Partners Law Firm
ArticleDebate On A Gradual Transition To Qualified Majority Voting In EU Taxation PolicyOn 15 January 2019 the Commission has kick-started the debate on reforming decision-making for areas of EU taxation policyWorldwideTaxKCG Partners Law Firm