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On our blog, you’ll find expert articles, practical advice and breaking news to help you navigate the world of law and finance. Whether it’s updates on tax law, property law issues or current business topics, you’ll find the most important information here.
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
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
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
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’
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
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
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
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
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
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