NEWS
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...
Stock exchange for SMEs to kick off soon in Hungary
Last autumn, the Budapest Stock Exchange (BÉT) launched Xtend, an alternative trading platform to help financing mid-size enterprises. The project is in progress, BÉT is now monitoring companies whose shares will be traded with expectedly from Q4. We summarized what...
GDPR step-by-step – part 3: Data Protection Impact Assessment
We continue our series trying to prepare enterprises to the challenges of the new General Data Protection Regulation of the European Union to be applied from 25th May 2018. In this issue, we analyze in which cases a controller shall carry out Data Protection Impact...
‘Downturn in business’ might not be considered as clearly specified ground of termination
The termination of employment initiated by the employer is often reasoned with unfavorable business results. A verdict of the Supreme Court clarifies, however, that the exact wording of such reasoning could be crucial. According to the underlying case, the employee...
Agreement on changing European rules on posted workers
The European Parliament, the European Commission and the Council representing the governments of the Member States have achieved an agreement on the revision of the Posting of Workers Directive. The European Commission initiated negotiations over the amendment of the...
EU to eliminate territorial restrictions on webshops
Geographically-based restrictions on webshops operating in the European Union will be illegal, i.e. websites may not reject orders from consumers based on their citizenship, residence or location and may not redirect them to other websites in the future. The European...
New recommendation from Hungarian Data Protection Authority concerning data processing on websites
The Hungarian Data Protection Authority (NAIH) issued a recommendation for website owners on requirements as to the level of security and privacy policies disclosed pertaining to the processing of personal data. Most of the websites – directly or indirectly – collect...