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Data Protection and Social Media: Social media buttons, “like” and “share” features, and embedded content are increasingly common on websites. But do we actually know what kind of personal data these elements collect about us – possibly even without our consent? The Hungarian National Authority for Data Protection and Freedom

In an era where digital presence is no longer optional, domain names are one of your business’s most valuable assets. But did you know that registering a domain doesn’t always give you legal exclusivity? ✔️ A domain name may carry economic value and function as a brand identifier – much

This article is the third installment in our seven-part series on Hungary’s corporate taxation framework. Following the overview of general corporate tax rules in Part 1 and the discussion of special tax regimes in Part 2, this article focuses on the extra profit taxes introduced in Hungary in recent years.

Corporate Tax in Hungary: This article is the second part of a seven-part series introducing the most important rules of corporate taxation in Hungary. In the first part, we outlined the general framework of corporate taxation; now, we turn our focus to special regulations – including trust asset management, corporate

Corporate Tax in Hungary: Corporate taxation and its related regulations are central aspects of a company’s financial planning. Determining taxable income and the subsequent taxation play a crucial role in corporate strategy. This article is the first part of a seven-part series that presents the key rules of corporate taxation

Determining the Country of Origin:  1. Goods Manufactured in One Country According to Article 60, Paragraph 1 of the Union Customs Code, goods that are entirely produced or manufactured in a single country or territory are considered to originate from that country or territory. This rule ensures that the origin

Customs Tariff Classification:  Introduction to the World of Customs Tariff Numbers Customs tariff numbers play a crucial role in the clear identification of goods and help facilitate the application of trade and tax regulations. These numbers determine the applicable customs duties, taxes, and related trade regulations and restrictions. Proper knowledge

Customs Duties and VAT  1. General Introduction In the European Union, customs duties and Value Added Tax (VAT) play a crucial role in the economic integration and protection of the internal market. Customs duties primarily serve to protect the EU market from competition from third countries, while VAT is applied

In Hungary, the liability of managing directors is determined by whether they are employed under an employment contract or a mandate agreement.  1. Employment Relationship: Liability as “Executive Employees” If the managing director is employed under a labor contract, they are considered an “executive employee” under Hungarian law. According to