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KATA taxation closed down in HungaryKATA taxation closed down in Hungary

On 12 July 2022, just one day after its proposal, the Hungarian Parliament accepted the new law that affects more than 430,000 KATA taxpayers in Hungary, most of whom will no longer be eligible for this tax regime starting from 1 September 2022.

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Czech Presidency adds its insights to the Data Act to serve as a compromise

Data is the gold of the 21st century, as it had become one of the most valuable resources recently.

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New land registry rules for parking spaces

The amendments to the execution government decree of the Land Registry Act entered into force on 1 May 2022, which introduced a new definition of parking space.

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Several energy companies can be subject to state supervision

Due to the armed conflict and humanitarian disaster in Ukraine and in order to avert the consequences of such conflict in Hungary, the Government has adopted a decree that entered into force on 29 June 2022, on the basis of which, in order to safeguard the public interest of continuity and security of supply

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Hungary implements new EU cross-border conversion rules

EU businesses are free to cross borders and relocate their headquarters to another Member State. The amended EU directive and the corresponding new Hungarian rules aim to help companies doing so.

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The Danish parliament decided to introduce a new corporate carbon tax

The Danish lawmakers agreed on a new corporate carbon tax on 1 July 2022, as a way to reach the country's ambitious 2030 climate target to cut the greenhouse gas emissions by 70% from 1990 levels.

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New proposal for the revision of the Energy Performance of Building Directive (EPBD)

The lead negotiator for the EPBD, Ciarán Cuffe submitted a draft report on the proposal for a directive of the European Parliament and of the Council on the EPBD on 6 June 2022 to the Committee on Industry, Research and Energy (“ITRE”).

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Compulsory corporate sustainability due diligence under the European Commission’s new proposal

On 23 February 2022 the European Commission adopted a proposal for a Directive on corporate sustainability due diligence (Directive).

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New crypto regulation on the horizon in the EU – End of the anonymity era?

As of today, crypto transactions are anonymous in theory. This means that any crypto transactions between crypto wallets cannot be linked to any natural or legal person, as acquiring such a crypto wallet does not require any identification.

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Recent tax regulations regarding crypto transactions

In the past years the amendment of the Personal Income Tax Act has brought some changes to the taxation of income realized from crypto transactions. This income is subject to 15% personal income tax and with the change in laws, the tax administration of these transactions became much easier. Even though the rules are simple, if one does not pay attention, the tax burden might be much higher than 15%.

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