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.
Enhanced coordination of social security systems: more flexibility and clarity for EU mobile workers
On 20 November 2018, the European Parliament’s Committee on Employment and Social Affairs (“EMPL”) adopted modernised rules for coordinating social security systems.
In December 2018 the Hungarian Parliament adopted a new legislation that significantly changes the Hungarian Labour Code.
The Hungarian Act on the Employee Stock Ownership Plan (the “ESOP Act”) was amended by the Hungarian Parliament in November 2019.
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.
From January 2019 the VAT exemption threshold for individuals will be increased to HUF 12 million from the current limit of HUF 8 million.
There can be even 1 million wells or borehole in Hungary with an unclarified status that had been built without a permit in the last decades.
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…
One of the most important elements of the tax package adopted by the Hungarian Government on 13 November is to create the possibility of tax groupings for CIT purposes from 1 January 2019.
The European Parliament adopted a new regulation on the free flow of non-personal data in the European Union in October 2018.