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Tax on consumption idea and territorial connection The directives issued at European level understand VAT explicitly as a consumption tax. The common VAT system is based on the principle that taxation takes place in the country of actual consumption. The concept of consumption is, however, indefinite. The VAT Directive does

Neutrality via the net all-phase principle with input tax deduction The common VAT system is based on the following principle: Each taxable company in the supply chain calculates the sales tax based on the consideration it receives from its respective customer at the tax rate applicable to the delivery or

In Hungary, as in the other member states of the European Union (EU), VAT is levied according to the value added tax (VAT) principle. VAT is a taxation principle that is found worldwide. VAT or similar taxes currently exist in around 150 countries. VAT revenues in the EU member states

In deciding whether a food was consumed in significant quantities in the EU before 1997, various aspects must be taken into account. Since this factor plays a central role in the classification of a food in question, the EU also deals with the subject in a separate technical document. It

Food coloring has a centuries-old tradition, just think of the use of coloring spices (e.g. saffron), and then in the 19th-20th century the use of coloring substances became an established custom. To intensify the color of food, the food industry used a wide variety of substances without thinking, primarily cheap

Our firm provides legal representation and legal advice in connection with insolvency matters, starting from the analysis of potential risks and liability situations prior to the conclusion of individual transactions and the implementation of projects, all the way to the liquidation of insolvent debtor companies. The services we provide include

Our office based in Budapest has been representing employees and employers in all areas of individual and collective employment law since 1995. We are also happy to provide you with employment law consulting services at our Nuremberg branch. Our labor law consulting services primarily cover the following topics: preparation and

This article summarizes the obligations and tasks of the managing director at the head of a business association according to the applicable laws. Managing Director Duties The managing director is basically a natural person at the head of a business association, managing the independent and efficient operation of the company.