April 16, 2019
We may freely dispose of the 1 + 1 % of our personal income tax (PIT) again this year; however it is not a necessary step to complete our tax return and the tax authority will not fill in this statement for us. It is our task to make a statement in terms of the 1% that we wish to donate; this year the deadline is May 20. We can do it on paper and online as well; we summarized the possibilities... »
March 20, 2019
There is a lot of misinformation about the impact of part-time work on reaching retirement age and on the amount of the pension. First, it is worth clarifying that part-time employment is irrelevant in respect of retirement age; and in terms of eligibility it is not proportional. The condition of the eligibility for the old-age full pension is to reach the retirement age specified by the... »
March 06, 2019
It is a frequent issue in probate proceedings whether the descendants of the testator are entitled to any portion of the estate when legatees and intestate heirs are different persons; and if so; in what way. To answer the question the two different succession regimes - disposition of property upon death and intestate succession - must be separated. Close relatives of the deceased are... »
February 20, 2019
In general, force majeure is invoked when someone seeks to escape liability or from obligations. It can happen in everyday situations as well as in business relations; its accurate interpretation may have a decisive role in civil actions for damages. Albeit no precise definition is given by the Hungarian Civil Code for force majeure events, it belongs to the set of circumstances or events... »
February 06, 2019
The „Portability Regulation” – officially called Regulation (EU) 2017/1128 of the European Parliament and of the Council – is part of the EU digital single market strategy; it is applicable from 20/03/2018 and it facilitates cross-border portability of online content. Basically the regulation enables EU citizens who are subscribers to a streaming service (such as Netflix, Spotify, HBO GO) to... »
February 06, 2019
We would like to draw your attention to a couple of auditors related news and changes of rules applicable also for the civil sector. Modification in Policy of Mentors by Hungarian Chamber of Auditors From now all mentor has to send the valuation of the auditor candidate within 90 days after finishing mentor year. The auditor or auditing company can not be a mentor if against him there was a... »