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Globally active companies can set up a subsidiary, a branch or a permanent establishment abroad for their foreign economic activities. The decision regarding the optimal organizational structure has different tax consequences.   In particular, the taxation of the organizational form to be chosen moves into the focus of the entrepreneur,

In order to ensure the financial sustainability and stability of economic entities, continuous refinement of the legal framework is necessary. The new legislative provisions that came into effect in 2022 placed significant emphasis on the extension of the role of supplementary contributions, thereby addressing the challenges posed by an increasingly

The auction of a property is the most severe compulsory measure that can be used in the event of non-payment of an enforceable monetary claim. However, with the exploding real estate prices, compulsory auctions are also becoming an attractive way to purchase real estate – often below market price –

In accordance with Section 3.1 (10) of the Hungarian Accounting Act, so-called “uncollectible claims” are claims that (a) cannot be collected in whole or in part by compulsory enforcement (b) have been paid off by the debtor in the course of liquidation proceedings (c) are not covered according to a

The last part of Regulation 1169/2011/EU on the provision of food information to consumers, the part on nutrition labelling, which has not yet entered into force, will enter into force on 13 December 2016. The rules on nutrition labelling are set out in Articles 29-35 of the Regulation. According to

Each country in the EU has its own rules on how employment relationships can be terminated in accordance with the law. In Hungary, the rules of the 2012 Labor Law apply. According to the new rules, the parties are allowed to make more specific agreements on the termination conditions, for

The EU forms a single market, but there are still many questions when products that are already in commercial circulation in an EU country should also be placed on the market in Hungary.The uncertainties arise – justifiably – primarily from the fact that consumer protection plays a prominent role in

1.1 Disproportion between performance and consideration (usury) In a market economy, the purchase price usually corresponds to the market value of a product. Deviations – through agreements between the contracting parties involved – usually serve the purpose of reducing taxes, says the Ministry of Finance. These agreements occur primarily in

The legal differentiation between recognized and de facto corporate groups has been newly introduced. The prerequisite for a recognized corporate group is that the controlling company is obliged to prepare the consolidated annual financial statements, or that a control agreement has been concluded, which was submitted to the commercial registry