Changes in the thresholds of audit obligation from January 1, 2025 – New rules for businesses and financial statements
We would like to draw your attention to the fact that significant changes will come into effect from January 1, 2025 in the thresholds of audit obligation, which may directly affect the financial statements of companies and their accounting obligations starting next year. According to the amendments, those economic entities whose annual net sales or […]
Can cost reimbursement be provided for home office work?
The popularity of home office work has significantly increased in recent years, and it has become an increasingly common option from a business operations perspective. Rules related to remote work, especially the issue of cost reimbursement, affect many employers and employees. In this circular, we would like to answer whether cost reimbursement can be provided […]
SME or Not an SME?
Hungarian small and medium-sized enterprises (SME) enjoy numerous benefits, such as grant opportunities, non-repayable subsidies, discounted loans, tax benefits, and tax exemptions. However, in many cases, those who wish to determine whether they qualify as an SME must navigate a complicated maze of legal regulations. In our country, as in others, SMEs are provided with […]
Updates in the Legal Practice of Collective Action in Consumer Contracts
What is collective action in consumer contracts? The legal concept of collective action allows a legal entity or an organization representing the interests of consumers (e.g., a consumer protection association) to initiate a lawsuit on behalf of consumers in order to protect their rights. This is particularly important when consumers are either unable or uninterested […]
Can a Disrespectful Employee Be Fired? – Consequences of Workplace Swearing Based on the Latest Curia Decision
Introduction: The Impact of Workplace Behavior and Swearing on the Employment Relationship (Disrespectful Employee)Employee behavior that damages the workplace atmosphere, such as foul language or disrespectful behavior, can serve as a basis for termination of employment – this is the conclusion we reached two years ago, in our article on workplace disagreements, taking into account […]
Compliance Audit and Data Reconciliation Procedure: Correct Your Mistakes and Avoid Sanctions
Introduction: What is a Compliance Audit?Since 2018, one of the significant innovations in Hungarian tax administration is the compliance audit, which provides businesses with a serious opportunity to correct mistakes without sanctions. The regulations on taxation and tax administrative procedures underwent significant changes in 2018. Since then, there are two main types of audits: tax […]
Abuse of Rights in Labor Law
As of January 1, 2023, the Hungarian Labor Code (Mt.) implemented two key EU directives that primarily focus on improving the work-life balance and creating more transparent and predictable working conditions against Abuse of Rights. The legislator, in expanding the objectives outlined by the EU, also amended the rules of evidence for abuse of rights. […]
Bill for the Protection of Small Towns
Recently, Tibor Navracsics, Minister for Administration and Regional Development, presented an extraordinary bill aimed at Protection of Small Towns. The bill seeks to preserve the identity, community, and economic stability of rural settlements against real estate speculation. Key Measures of the Bill for Protection of Small Towns The bill includes numerous, unexpectedly far-reaching measures, including: […]
New Rules for Approving the Change of Use of Real Estate
From the questions of our clients, we can already clearly see that the new rules coming into force on January 1, 2024, regarding the approval of Change of Use of Real Estate will have a more significant impact on the construction permit process than was initially expected. Although the new regulations aim to provide clearer, […]
The GVH ‘Delayed’ – Can the Authority Be Sanctioned If It Exceeds the Processing Deadline?
Introduction: The GVH’s Processing Deadlines and Sanctions The activities and procedures of the Competition Authority (GVH) are regulated by competition law, which defines the legal status of the authority, its procedures, and processing deadlines. These deadlines determine the time within which the GVH must complete various procedures: for example, cases concerning anti-competitive practices must be […]