According to the council implementing regulation (EU) No 1042/2013 concept of immovable property will be introduced from 2017 in order to ensure a uniform tax treatment by Member States of supplies of services connected with immovable property. Full text of Council in English is available here. If you are interested in the above topic please contact our experts at Ecovis Tax Solution who... »

The Ministry of National Economy issued an opinion and concluded: no subsidy may be allocated in case of anyone else is owner of the property than the applicant(s). If you are interested in this topic please contact our legal experts and we will provide you with a short summary.

According to the relevant regulations on limited liability companies, the quotaholders of the company are entitled to decide on the payment of dividends by accepting the annual report. Worth to know that the Civil Code opens the door to the quotaholders to decide on the payment of dividends with different ratio than the capital contributions of the quotaholders. If you are interested in this... »

From January 2017 there will be some slight changes in the Hungarian cafeteria system for the benefit of the employees. If you are interested in this topic please contact our legal experts and we will provide you with a short summary.

From July 1, 2016 in civil proceedings the electronic communication will be mandatory for business organizations, litigants represented by legal representative and public administration organisations. If you are interested in this topic please contact our legal experts and we will provide you with a short summary.

The Hungarian Tax and Customs Office (NAV) qualifies a taxpayer as trustworthy taxpayer if the taxpayer meets certain conditions set out by the law. The trustworthy taxpayer title ensures many advantages for the taxpayer. For example, the upper limit of the applicable omission penalty and tax penalty is 50% less than the penalty which would be applied according to the general regulations. If... »

May 26, 2016 the Society of Trust and Estate Practitioners (STEP) going to held for the fourth time its annual conference in the topic of fiduciary asset management, estate-, tax- and heritance planning.. If you are interested in this topic or you would like to attend the conference, please contact our senior partner, Dr. Gábor B. Szabó.

Simultaneously with the entering into force of Act IX of 2016 liabilities recorded as collection flat rate in companies’ books and in their balance sheets for previous years on account of payment delays related to earlier business transactions shall be recorded against other expense, provided that the creditor has not claimed the collection flat rate until that date. If you are interested in... »

As of January 1, 2016 the identification number of the energetic certificate shall be incorporated not only in the purchase agreements, but also in the lease agreements. If you are interested in this topic please contact our legal experts and we will provide you with a short summary.

In the scope of the Competitive Central Hungary Operative Program (VEKOP), a new proposal has been published with the budget of 1 billion for the support of the development of business infrastructure in Pest County. If you are interested in this topic please contact our legal experts and we will provide you with a short summary.