News

Company restructurings in the EU

A new amendment to the directive on cross-border conversions, mergers and divisions will adopt safeguards and provide harmonised procedures, especially for small and medium sized limited liability companies, in case of cross border restructurings in the European Union. The amended rules will empower minority shareholders, who, in case of disapproving…

Read more...



New era of tax inspections

The National Tax and Customs Administration (“Authority”) has presented its vision for the future at a taxation conference held at the end of November 2019. The Authority has outlined that the emphasis will continuously be on the tax inspection of companies alongside with seizing the benefits of digitalisation and development.…

Read more...


European Parliament adopted “the VAT e-commerce package”

The European Commission’s aim is to simplify VAT obligations for companies carrying out online cross-border sales of goods or services to final consumers and to ensure that VAT on such supplies is paid correctly to the Member State of the customer, in line with the principle of taxation in the…

Read more...



New provisions on maternity leave

The provisions of the Hungarian Labour Code on the employees’ leave entitlement will be modified as of 1 January 2020. The new provisions are aimed at extending the employees’ entitlement to take leave for the purpose of providing care for their child.

Read more...




Deadline for CbC reports is here

Affiliated enterprises have to report their related undertakings in a Country-by-Country (furthermore “CbC”) report until 31 December 2019 for the financial year of 2018. The information therein is used for high level transfer pricing examination and risk assessment. If a company fails to comply with the deadline mentioned above, it…

Read more...


EU-US Privacy Shield: Third review

On 23 October 2019 the European Commission published a report on the third annual review on the functioning of the EU-U.S. Privacy Shield. The report states that the U.S. continues to ensure an adequate level of protection for personal data transferred under the Privacy Shield from the EU to participating…

Read more...


Newsletter

Archives

MEMBERSHIPS

inla logointernationabar assocoation logoAmcham Logo

AWARDS

Chamber LogoLegal 500 Logo 2015emea leading firm logo 2016Legal500 emea_leading_firm_2017emea_leading_firm_2018MND-3667-AwardGraphic