The European Court adjudged on June 11, 2015 that the Hungarian State did not provide enough time for the Hungarian entrepreneurs to adopt to the new legal environment set forth with “Casino Act” adopted in 2012 and also did not provide any compensation for the entrepreneurs affected by the act in question.
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Legal
April 06, 2016
Pursuant to the unanimous decision of the Annual General Meeting of Ecovis Hungary Legal one of our partner lawyers, Dr. György Zalavári was, as of April 1, 2016, promoted to senior name partner; therefore our new company name is: Ecovis Hungary Legal | Balogh - B. Szabó - Jean - Zalavári and Partners.
The key responsibility of our new senior partner will be representing the interests of our... »
March 30, 2016
March 24, 2016 the Act on Collection Flat Rate came into effect. As a result of the new act, several provisions of the Act on Accounting have also been amended and sections of the Civil Code have been repealed.
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March 20, 2016
Based on the general rules, when the Hungarian taxable persons purchasing services from abroad the place of supply of the given service will be situated in Hungary (where the recipient of the service has its fixed establishment that is closely connected with the given service). Further to the place of supply rules, it is also important how to define the date of supply, i.e. the date when the VAT... »
All you should know about the fiduciary asset management, the Hungarian trust from an Ecovis partner
March 07, 2016
The Civil Code created a new legal form for the protection of the property which may be a flexible alternative for inheritance and also an effective instrument to optimize the transfer of property from a tax point of view. Dr. Gábor B. Szabó, one of the senior partners of Ecovis Hungary Legal gave a lecture on the application of the new legal instrument at the Hungarian Academy of Sciences... »
March 02, 2016
The Parliament postponed the deadline on the mandatory increase of the registered capital of limited liability companies. The new deadline is March 15, 2017. Shall be noted that all of the companies which already has registered capital of HUF 3,000,000 (or more) are obliged to amend the deed of foundation or the articles of association according to the regulations of the new Civil Code.
If you... »
