Based on the experience of the past years, as of 1 December 2016 the Company Registry Service of the Hungarian Ministry of Justice introduced a new electronic system to facilitate the submission of the financial reporting.
The Hungarian Parliament has recently adopted an amendment to the Hungarian Competition Act and to the Hungarian Consumer Protection Act. The amendment implements the rules of Directive 2014/104/EU issued by the European Parliament and the Council, which includes the rules of the actions for damages arising from infringements of the competition law provisions.
A Government decree has been published recently on the compulsory professional liability insurance of designers and contractors relating to the construction of buildings under 300 sqm subject to simple notification.
Season’s Greetings from KCG Partners
The European Commission announced plans to overhaul company taxes in the Single Market, delivering a growth-friendly and fair corporate tax system.