Payment in euro
The payment in euros is gaining an increasingly important role in Hungary, especially in the payment of corporate tax, which since August 2022 can be paid not only in forints but also in euros and US dollars. Both companies and individuals can take advantage of the benefits of paying in euros, especially when doing business […]
Before Signing: Don’t Leave it Unread! – Lessons from Two Precedent-Setting Recent Court Rulings
Most of us are already aware that we must read documents before signing them – but do we always follow this advice? While we often skim through terms and conditions when shopping online, employment-related documents, especially when in an employer position, are always carefully reviewed. Below, we present two recent court rulings that illustrate the […]
Important Information About General Terms and Conditions Subject to Special Review
In today’s publication, we aim to provide detailed information regarding the general terms and conditions subject to special review and their legal implications. In some cases, despite the parties’ signatures, explicit acceptance after proper notification is required for the validity of the contract to be ensured. These conditions cannot automatically become part of the contractual […]
Price Disclosure on Packaging
New Consumer Protection Regulations to Prevent False Promotions! Good news for consumers, more work for businesses – From now on, clever stores and online shops can no longer make their discounts seem more attractive by temporarily inflating prices just before a promotion. From now on, when announcing price reductions, retailers must always indicate the product’s […]
Application of Facial Recognition Systems in Stores from the GDPR Perspective
The continuous advancement of technology offers new opportunities in retail, but it also raises numerous legal issues, particularly regarding the protection of personal data. The use of facial recognition systems in stores – while providing an effective tool for enhancing customer experience and increasing security – can present significant data protection challenges, especially in light […]
Tax benefits
No innovation contribution needs to be paidMicro and small businesses do not have to pay innovation contribution (middle-sized businesses, however, do). The innovation contribution, along with the local business tax, represents a higher tax burden for many companies than corporate tax. No transfer pricing documentation needs to be preparedMicro and small businesses do not have […]
Integration of Home Office into the Labour Code
In order to integrate home office into the Hungarian legal system, the legislator chose the following solution. Instead of regulating it through new codification, the Labour Code (Act I of 2012) was amended, and the rules for one of its atypical forms of employment, teleworking, were expanded so that they could also apply to regular […]
The Hungarian Competition Authority (GVH) on Influencer Marketing
In response to the growing activity in influencer marketing, the increasing number of new influencers entering the market, and the businesses collaborating with them, the Hungarian Competition Authority (GVH) has released a consolidated information guide. This guide explains the advertising rules and the recent decisions made by the competition authority through specific examples. The document […]
Avoiding Tax Disadvantages on Real Estate Income from BVK
Trust Asset Management and Taxation: Tax Optimization and Asset Protection in Real Estate Investments Topics Covered: Trust funds and taxation, Real estate, tax planning, Wealth management, Tax optimization, Tax exemptions, Real estate investments, Property tax, tax regulations, income tax, corporate tax, tax burden, tax avoidance, tax strategies, capital taxation, Wealth protection, Inheritance, real estate market, […]
Plans to Restrict Real Estate Purchases
Surprising Draft Law to Protect Small Settlements Recently, Tibor Navracsics, the Minister of Regional Development and Public Administration, presented an extraordinary draft law aimed at protecting small settlements. The proposal seeks to preserve the identity, community, and economic stability of rural towns against real estate market speculation. The draft law includes several unexpectedly strong measures, […]