January 2018 - Illés&Németh Association of Lawyers

New rules of tax procedure in Hungary; foreign bank accounts shall be declared

by dr. Illés Ádám | Jan 15, 2018 | Tax

The Act on Tax Procedures from 2003 has been replaced by new laws: general taxation principles, rules on tax returns and other tax administration as well as the rights and obligations of taxpayers are now regulated in a new act whereas the complete tax procedure will...

GDPR: peering into the compliance of webshops

by dr. Illés Ádám | Jan 15, 2018 | Data protection (GDPR)

The starting date of GDPR is dangerously approaching, the date that many companies are afraid of because it sets compliance with data protection to a whole new level. A large group of companies affected by GDPR are the webshop owners since they process customer data...

Beneficial changes for the real estate market; pre-emption right of state on world heritage sites

by dr. Illés Ádám | Jan 15, 2018 | Real Estate, Tax

2018 has brought several changes in taxation of real estate. Tax on renting of properties by individuals has been cut; more money can be paid tax-free to employees for rented flats and more flexible exemption from transfer tax on consecutive transactions. The...

Stricter protection of labour

by dr. Illés Ádám | Jan 12, 2018 | Employment

The Parliament adopted a comprehensive amendment to the laws on protection of labour in November. It mainly concerns health and safety at work; rehabilitation and the promotion of simplified employment. As a result, the Labour Code has changed from 1 January, 2018....

Minimum wage increase, reduction of social tax, cheaper internet – most important tax changes from 1 January

by dr. Illés Ádám | Jan 12, 2018 | Tax

We summarised the most important tax changes that took effect on 1 January, 2018. As of 1 January, 2018, the new minimum wage in Hungary is 138,000 HUF (appr. 440 €) for positions that do not require qualification; and 180,500 HUF (appr. 580 €) for qualified...

New rules of tax procedure in Hungary; foreign bank accounts shall be declared

Beneficial changes for the real estate market; pre-emption right of state on world heritage sites

Stricter protection of labour

Minimum wage increase, reduction of social tax, cheaper internet – most important tax changes from 1 January

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