The Hungarian tax authority prepares the personal income tax returns for everyone it has employer information about, whether they are employees, primary producers, private individuals liable for the payment of VAT or individual entrepreneurs.
The European Parliament’s negotiating team reached a deal with the Council on 18 December 2019 on EU-wide rules to help crowdfunding services function smoothly and to foster cross-border business funding. Crowdfunding is progressively more of an alternative form of finance for start-ups, as well as for small and medium enterprises (SMEs) at an early stage of company growth. Its latest method is the Initial Coin Offering (ICO), where companies can execute the crowdfunding via cryptocurrencies.
The European Commission plans to ban plastic packaging in the European Union by setting stricter standards for manufacturers in order to reduce the plastic pollution, thus forming the ground of a greener Europe.
On 13 December 2019 the European Commission published a report on the progress in the development of the electronic systems under the Union Customs Code (UCC) since the provisions entered into force (i.e. 1 May 2016).
Following the financial crisis, G20 addressed tax evasion, tax avoidance and money laundering through the Base Erosion and Profit Shifting (BEPS) project, leading to the BEPS action plan. This action plan, however, did not address the detrimental practices existing in the digitalised economy and this led to further work.