The EPR Fines 2025: Stricter Regulations and Consequences in Hungary
Tightening of the EPR System from April 1, EPR fines Since the introduction of the Extended Producer Responsibility (EPR) system, a key question has been when the National Waste Management Authority (OHH) would begin strictly enforcing EPR obligations and when companies failing to comply would face significant penalties. That time has now come: Starting April […]
Updates to Novel Food Guidance: Stricter Rules for Innovation in the European Union
The European Food Safety Authority (EFSA) has introduced significant updates to its Novel Food Guidance, which took effect in February 2025. These updates aim to modernize the approval process for novel foods, ensuring that safety assessments align with the latest advancements in food research and innovation. As the food industry evolves with new ingredients, processing […]
Is it obligatory for customs authorities to contact the customs authorities of the EU or other Member States when determine customs value? – Decision of the European Court of Justice in a Hungarian case
Is it mandatory for the customs authority to contact the customs authorities of the EU or other member states when determine customs value? – The decision of the European Court of Justice in a Hungarian case In its judgment in Case C-187/21 FAWKES, the European Court of Justice concluded that the customs authority is only […]
Transfer Pricing Documentation and Reporting Obligations from 2025
Transfer pricing documentation and the associated reporting obligations have become a central issue for companies, especially in light of the new regulations effective from 2025. Reporting is not only necessary for preparing transfer pricing records but also plays a key role in tax returns. Below is an overview of who is affected by the reporting […]
The European Court of Justice ruling on the public access to the register of beneficial owners – The regulation violates fundamental rights!
In accordance with the anti-money laundering directive, a 2019 Luxembourg law established a register of beneficial owners, which included various information about the beneficial owners of registered companies and legal entities, some of which were publicly accessible, for example, on the internet. The directive required that these data be made accessible to every member of […]
On the Practical Implementation of the Restructuring Act
Objective: Avoiding InsolvencyWe would like to inform you about the latest practical changes regarding the implementation of the Restructuring Act, which came into force on January 1, 2024. The new regulation aims to enhance the efficiency of business operations while ensuring the protection of employees’ rights. Below, we summarize the key information and practical issues […]
Gross or net? – How is the tax base for real estate purchases determined during a property purchase?
A question has arisen during property purchases about whether the tax base for real estate purchasesthe gross or net purchase price should be considered when determining the market value that forms the basis for property transfer tax, especially if the property includes VAT. Although no official confirmation has been made yet, it seems that the […]
Commuting Costs: The spread of home office work, among many other aspects, also influences the commuting costs covered by employers
The spread of home office work has an impact, among other issues, on the reimbursement of commuting costs by employers. The government regulation that governs the reimbursement of commuting costs is currently not aligned with the new regulations regarding home office work, which makes the interpretation of cost reimbursements, particularly tax-free reimbursements, difficult in the […]
Subsidiary or Branch?
Below, we compare the characteristics of a subsidiary or branch in tabular form for simplicity and transparency, so that economic actors can make their decision on establishment more quickly by weighing the pros and cons. Attribute Subsidiary Branch 1. Has independent legal personality Yes Yes 2. Establishment required Founding members’ articles of association Founding member(s) […]
Why can the Tax Authority penalize me if my supplier does not pay tax? – Tax authority inspection and tax fraud risks
Inspection and tax fraud risks: The tax authority’s inspection does not only cover companies suspected of tax fraud, but also always examines companies that have business relations with these companies. According to the practice of the Tax Authority and the court, companies are expected to take all reasonable measures to avoid becoming part of tax […]