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Hungary has implemented the Anti-Tax Avoidance Directive (ATAD) of the EU through several legislative amendments, integrating the key components of the directive into its domestic tax system. Below is a detailed overview of how Hungary has transposed and currently applies the General Anti-Avoidance Rule (GAAR), Controlled Foreign Company (CFC) rules,

The new EU Anti-Money Laundering Regulation (Regulation (EU) 2024/1624, AMLR) will apply directly in all Member States from 10 July 2027, including Hungary. This regulation fundamentally reshapes the rules for identifying and verifying ultimate beneficial owners (UBOs), which will significantly affect the formation and operation of Hungarian companies. Key Changes

How Hungarian law shields innovative product designs even in the absence of formal IP protection  Introduction In the rapidly evolving market of goods and services, not all innovative product designs are protected by formal intellectual property (IP) rights. A product may fall outside the scope of copyright, design, trademark, or

— 1. Action Against Unfair Commercial Practices (Directive 2005/29/EC) This directive establishes a general prohibition against all commercial practices that:  are misleading, particularly regarding the origin, manufacturer, brand, or nature of a product;  result in an unfair advantage, for example, by imitating the appearance of well-known products;  give consumers the

1. General Introduction Even in 2025, the primary purpose of the European customs system remains the protection of EU industries from unfair competition from third countries. Customs duties on goods from non-EU countries (third-country duties) serve as protective measures and are levied once upon import. No customs duties are levied

 Introduction In 2019, the European Union adopted Directive (EU) 2019/1023 on preventive restructuring frameworks, second chance, and measures to increase the efficiency of restructuring, insolvency and discharge procedures. In line with this directive, Hungary adopted Act LXIV of 2023 on Restructuring, which entered into force on 1 July 2024. The

Hungary has transposed Directive (EU) 2022/2464, the Corporate Sustainability Reporting Directive (CSRD), into national law through Act CVIII of 2023. This so-called ESG Act amended Act C of 2000 on Accounting by adding a new Chapter III/A, which sets out detailed rules on sustainability reporting obligations for companies operating in

Dear Client, The new European Union Anti-Money Laundering Regulation (EU) 2024/1624, which comes into force on July 10, 2027, introduces significant changes in the handling of beneficial ownership (UBO) data. The purpose of the regulation is to enhance transparency and improve the fight against money laundering and terrorism financing across

1. 🇺🇸 Section 301 Tariffs – Overview of Targeted Chinese Product Categories Since 2018, the United States has imposed punitive tariffs (Section 301) on thousands of Chinese-origin goods. These additional tariffs—ranging from 7.5% to 25%—are levied on top of the regular Most-Favored Nation (MFN) duty rates under the U.S. Harmonized