NEWS
New labour inspection rules from March
Act on Labour Inspection will be repealed on March 2021. Although there is a large overlap between the new legislation and the current act, the promulgation of the law provides a good opportunity to review the (future) rules of labour inspection. Under the regulation,...
New rules for home office during the second wave
The government decree passed in November intends to regulate home office on the basis of mutual consent between the parties. The employer may pay a tax-free lump-sum compensation for the employee working from home. During the first wave of COVID-19 pandemic, the aim...
Significant changes in VAT and SME taxation from 2021
The year 2021 will bring a number of novelties for businesses in the field of taxation. Below are some of the most important modifications that we compiled for you. Value added tax (Általános forgalmi adó, ÁFA): From 2021, the reporting obligation related to online...
Corporate governance during the second wave of COVID-19
Extraordinary corporate rules have been reintroduced, for the time being until 08 February, 2021, due to the second wave of COVID-19 and in order to provide continuous operation of companies despite the restrictive provisions. The special legislation for companies...
Pandemic measures tightened due to the second wave of the coronavirus
In light of the second wave of COVID-19, Hungary introduced a partial curfew, restricted the opening hours of shops and took a few measures to protect the economy. From midnight 11th November 2020, a curfew is in effect between 8 pm and 5 am which means that everyone...
Consumer contracts: longer commercial guarantee, electronic guarantee document, simpler claim enforcement
On 1 January 2021, two new laws will enter into force, which will change the legal framework for warranty and guarantee claims concerning certain consumer goods. We provide a brief summary of the amendment of the Government Decree on mandatory commercial guarantee on...
Insolvency proceedings during the epidemiological preparedness
The regulations on epidemiological preparedness that came into force after the end of the state of emergency retained the amendments to the legislation on initiating insolvency proceedings aiming to help companies in difficult financial situation. In our article, we...
Employment law during pandemical preparedness
Special employment law rules adopted during the first wave of the coronavirus have already been repealed, hence, in the middle of the second wave, employers must act in accordance with the general rules but with special care and consideration. According to the rule...
Restrictions on foreign direct investments will apply at least until the end of the year
According to the law passed upon the end of the state of danger, until 31 December this year, a foreign direct investment (FDI) to a company operating in a strategic industry will require prior approval of the Ministry for Innovation and Technology (ITM). The concept...
Protective measures for the second wave of the coronavirus
Due to the second wave of COVID-19 and the growing number of infected people, the Government of Hungary has ordered new epidemiological measures from 21 September 2020. The relevant government decree stipulates that everyone, except a minor under the age of 6, must...