The discounted 5% VAT rate introduced in 2016 will be abolished as of 1 January 2020, meaning that the 27% VAT rate will be applicable from that date, which can have significant effect on the market.
The Hungarian Parliament amended the Hungarian Data Protection Act in June 2018 in order to ensure the consistency of the Hungarian legislation with the provisions of the GDPR.
The European Commission’s proposal to reform the EU copyright regime was surprisingly refused by the European Parliament (EP) in July 2018, therefore, the package is subject to further debate before the plenary of the EP.
On 4 July 2018 the European Parliament (EP) rejected the ’mobility package’ consisting of new rules on posting, driving, rest periods and the so called ‘cabotage’ in the transport sector. Ultimately, all the three documents were rejected and they will be reexamined in the Transport Committee.
The Hungarian Chamber of Agriculture (HCA) submitted a package of proposals to the Hungarian Parliament in June 2018 with the aim of improving the competitiveness of Hungarian agriculture.