The conception of a new act on private international law had been submitted to the Hungarian Ministry of Justice for an opinion, and now is in the process of approval by the Hungarian Government.
Food and drink vending machines connected to tax authority; extended deadline for online cash registers
From 1 January 2017, food and drink automatic vending machines shall be connected to the Hungarian tax authority’s system. The tax authority will receive the sales data of food and drink vending machines through a special electronic device to be installed to the machines by a service provider registered by the authorities.
The “excess profit” tax scheme applicable in Belgium since 2005 reduced the corporate tax base of certain multinational companies by between 50% and 90%, whilst stand-alone companies only active in Belgium could not achieve similar benefits.
A new bill on the amendment to the Electricity Act designates a separate section for the special rules on wind turbines. The new provisions assign the power to the Hungarian Government to define the number of building permits and occupation permits that can be issued for the construction and/or the use of wind turbines and wind farms, and to limit their maximum capacity in each calendar year.
As a result of the implementation of Directive 2014/92/EU of the European Parliament and of the Council on the comparability of fees related to payment accounts, changing payment account and access to payment accounts with basic features, several decrees have been issued by the Hungarian Government.