NEWS
Let your employees go – on vacation
Many employers make the mistake of not allocating vacation time of employees. According to the Hungarian Labour Code, vacation time shall be allocated in the year in which it is due. The Labour Code allows only a few exceptions to this regulation, such as, in case the...
ECJ verdict: Facebook page owners to face with qualification as data controllers
According to the definition of GDPR, data controller refers to the person who (alone or jointly with others) determines the purposes and means of the processing of personal data. It is therefore remarkable that the Court of Justice of the European Union announced a...
Tax package 2019: cutting on fringe benefits, more advantageous SME taxes, increasing dividend tax and default penalty
Next year all fringe benefits save for SZÉP card as well as many other tax-free allowances will be dissolved. Social and health-care contribution taxes will be aggregated which will cause an increase e.g. to the dividend tax, and from January the default penalty rate...
Travel contract rules have changed in favour of tourists
As from 1 July, 2018, travel contract rules have changed in favour of tourists thanks to a new EU Directive. Upon the implementation of the Directive, new rules apply concerning the information requirements and liability of tour operators. The Directive differentiates...
Supreme Court of Hungary verdict on the status of claims assigned prior to liquidation
During a liquidation procedure claims of SMEs have priority over other (non-secured) claims. In one of its latest decisions, the Supreme Court of Hungary has studied if there is any possibility to change a claim’s position if it was assigned to an SME and the obligor...
Real-time reporting on invoicing from July
Enterprises will be obliged from 1st July, 2018 to notify the Tax Office on each invoice, issued to a domestic taxable person, with a VAT exceeding 100,000 HUF. In case of invoices issued electronically, the information has to be sent real-time to the Tax Office which...
Taxation of health insurance paid by employers
The Tax Office in Hungary published an information notice on the taxation aspects of health screening tests covered by a health insurance provided as fringe benefit to the employees. According to the Act on Income Tax, health screening tests are considered as taxable...
Statement from the Hungarian Data Protection Authority on applicability of GDPR and reporting obligations
On 25 May, 2018, the first day of applicability of the GDPR, the Hungarian Data Protection Authority (NAIH) released a statement about the regulations applying for protection of personal data and about the fulfilment of reporting obligations of controllers and...
GDPR step-by-step – part 4: Data Protection Officer
We continue our series on the obligations introduced by the GDPR. In our next article, we present the most important rules of designation, position and tasks related to the data protection officer (DPO) based on the recently revised guidelines of the Article 29 Data...
Simplified voluntary winding up procedure will be available for all business associations in Hungary
Starting from 1st June 2018, not only general partnerships, limited partnerships and sole proprietorships but any company may opt for the simplified voluntary winding up procedure if the company is not subject to mandatory audit and if the process will be finished...