Sustainability Reporting Obligations from 2025 – What Should Hungarian Companies Watch Out For?
Hungary has transposed Directive (EU) 2022/2464, the Corporate Sustainability Reporting Directive (CSRD), into national law through Act CVIII of 2023. This so-called ESG Act amended Act C of 2000 on Accounting by adding a new Chapter III/A, which sets out detailed rules on sustainability reporting obligations for companies operating in Hungary. 📘 Key Provisions of […]
The New EU Anti-Money Laundering Regulation (2024/1624/EU) and Hungarian Asset-Management Foundations
Dear Client, The new European Union Anti-Money Laundering Regulation (EU) 2024/1624, which comes into force on July 10, 2027, introduces significant changes in the handling of beneficial ownership (UBO) data. The purpose of the regulation is to enhance transparency and improve the fight against money laundering and terrorism financing across the EU. These new rules […]
U.S. Tariff Savings Opportunities Through Manufacturing Relocation to Hungary
1. 🇺🇸 Section 301 Tariffs – Overview of Targeted Chinese Product Categories Since 2018, the United States has imposed punitive tariffs (Section 301) on thousands of Chinese-origin goods. These additional tariffs—ranging from 7.5% to 25%—are levied on top of the regular Most-Favored Nation (MFN) duty rates under the U.S. Harmonized Tariff Schedule (HTSUS). | Product […]
Excise Warehouse Permit for Alcohol in Germany
To establish an excise warehouse for alcohol in Germany for a Hungarian company, a permit as an excise warehouse operator is required. Excise warehouses are locations where excisable goods such as alcohol can be produced, processed, stored, received, or shipped under excise suspension. An excise warehouse allows alcohol to be stored and managed under excise […]
Family Wealth Planning: Will, Foundation, or Trust Administration in Hungary
Ensuring the preservation and proper transfer of family wealth is a central concern for every responsible asset manager and family head. In Hungary, several options are available for family wealth planning, including a will, a foundation, and trust administration, each serving as effective tools. But which is the best choice for you and your family? […]
Extended Producer Responsibility (EPR) – Draft EU Legislation and Updates to Guidance on Packaging Data and What to Collect, Including Drinks Containers
Extended Producer Responsibility (EPR) is a policy approach that places the responsibility for managing the environmental impact of products on the producers. In the European Union (EU), EPR has been a key element of waste management and circular economy policies, ensuring that producers take financial and operational responsibility for the collection, recycling, and disposal of […]
Establishing a Permanent Establishment in Hungary – 2025 Guide for Foreign Businesses
Internationally active companies can operate in Hungary not only through subsidiaries or branches but also by setting up a permanent establishment (PE). Choosing the optimal structure has significant tax implications, and the establishment of a PE may be the simplest way to maintain a business presence without full company registration. What qualifies as a permanent […]
Stricter Manufacturer Warranty Rules Apply from 2025 – What Businesses in Hungary Need to Know
From 2025, businesses involved in the production or distribution of consumer goods in Hungary must comply with stricter rules regarding manufacturer warranty. These regulations stem from EU Directive 2019/771 and were first implemented through Government Decree No. 373/2021 (VI.30.), which entered into force on 1 January 2022. Major Changes in Consumer Sales Contracts The transposition […]
Corporate Taxation in Hungary (Part 7): Penalties and Late Payment Surcharges in 2025
This is the seventh and final article in our series covering the key rules of corporate taxation in Hungary. After reviewing the general and special provisions of the Hungarian corporate tax system, we now provide an overview of the penalties and surcharges applicable in case of non-compliance. 1. Sanctions for Non-Compliance with Tax Obligations in […]
Corporate Taxation in Hungary (Part 6): Fighting Tax Avoidance (Updated 2025)
This article is the sixth part of a seven-part series that presents the key rules of corporate taxation in Hungary. After outlining the basics of Hungarian corporate tax and special tax systems, we now focus on the fight against tax avoidance. Hungary has fully harmonized EU Directive 2016/1164 (ATAD) and its amending Directive 2017/952 (ATAD […]