News

Profound modification of trademark system

An amendment to the act on industrial properties enters into force on 1 January 2019. Such amendment not only modifies the existing trademark procedures, but also creates a more efficient, fast and customer-friendly system.

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Vacation time rights in the EU

The European Court of Justice (“ECJ”) issued a decision in November 2018 stating that employees do not lose their right to receive compensation for their unused vacation days even if they did not apply to take them.

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The 5% VAT rate after 31 December 2019

As to the pending issue of the preferential VAT rate of 5% for new residential properties, finally the new tax laws approved by the Hungarian Parliament in November 2018 will remain to ensure the reduced VAT rate of 5% in case the date of completion of the residential properties is…

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