The State Audit Office of Hungary published its report on e-commerce on 8 May 2020. They analysed the e-commerce trends in the period between 2010 and 2018 and concluded that e-commerce market has expanded significantly in the previous decade both on national and EU levels.
In May 2020 the European Commission announced the long-term EU budget and a €1.85 trillion recovery plan, which will be used for instruments to build a modern, clean and healthy economy in accordance with – the Europe’s growth strategy – the European Green Deal.
The Hungarian Parliament is discussing a proposal on the amendment of the Act on Electronic Communications in order to implement the regulations of EU Directive 2018/1972. This latter Directive was adopted by the European Union in December 2018 to set up the European Electronic Communications Code. Member Sates shall implement its regulations until 21 December 2020 after a 2-year long preparation period.
Due to the practical difficulties created by the lockdown measures taken against the coronavirus pandemic, the European Council has agreed that the VAT e-commerce package should apply from July 1, 2021, rather than January 1, 2021.
Ally Law, a global legal network that includes nearly 3,000 lawyers worldwide, congratulates its member firms and lawyers ranked in the 2020 Chambers and Partners Europe Guide.