The Parliament adopted the amendment on tax laws and other related regulations and the amendment on National Tax and Customs Administration (NAV) on 7 June 2016. The most important changes will be summarised in the following.
The frameworks of regulations relating to business associations became more flexible with the entry into force of the new Civil Code. The greater freedom inherent in this has obviously limits and these lines may clearly and primarily crystallize on the basis of legal practice being expressed in emerging court decisions.
Act LIII of 1994 on Judicial Enforcement emphasizes the opportunity for involvement of the lien holder in the enforcement procedure, under a separate heading. The priority objective of legislation on involvement is that the interests of lien holder effectively prevail before its own enforcement procedure was initiated.
The Bill regarding Amendment to Act V of 2013 (the new Civil Code) designed to clarify dubious interpretation of the law concerning liabilities of executive officers has been submitted
It happens many times that customer services record telephone conversations, but it may also happen that one wishes to record the discussions at a meeting of condominium owners or at a general meeting of a company. We can learn from the recent information notice of the National Data Protection and Freedom of Information Authority (NAIH) published in May 2016 how to do it legally.
Act I of 2012 introduced a number of innovations in the area of labour law which are vital for employees to be familiar with from a guarantee point of view and for employers for the purposes of cost optimisation.
One of the momentous amendments of the new Civil Code was the introduction of separated mortgage to replace individual lien regulated by the previous Civil Code. In these days, the absence of individual lien has been felt.
According to the ad hoc decision of the Metropolitan Court of Appeal, there is no obstacle to the payment of outstanding cash contribution over 2 years in case of the establishment or recapitalisation of limited liability companies, in light of the provisions of the new Civil Code.
In the context of a recent event, the legal rules for advertising misleading to consumers and the background of such rules once again captured public attention.
Since the new Civil Code of Hungary entered into force, the provision of interest of late payment caused continuous problems as the conflict between legislation and practise was almost indissoluble from accounting and taxation perspectives.The situation was worsened by the conflict between the applicable regulation and the EU directives it is based on.
