The most relevant rules regarding dependent multiple agents as of 1 January 2016. Act No. LXXXVIII of 2014 regulates insurance brokers in a separate book emphasising the importance of such insurance market operators.
NAIH proposes to data controllers that they should review their prospectus and adjust it to the content stated in its new recommendation, since it has found that prospectuses most of the times do not comply with the requirements of data protection which may result in unlawful processing of data.
New Government Decree regarding simple notification in respect of the construction of residential buildings
The National Tax and Customs Administration (NAV) deleted from its register taxable entities publishing advertising
The rules governing the protection of wages are based on ILO C95 Convention concerning the protection of wages which were promulgated by Act LIV of 2000 and also contained in the Labour Code
Presently, there are over 130,000 limited liability companies in Hungary having a registered capital less than three million Forints despite of the three-month deadline available for them to increase their registered capital.
Changes to the tax legislation expected to come into force as from 2016 and 2017 will introduce several changes in the life both of businesses and private individuals. In this tax alert, we have summarised the most important changes submitted and adopted until 14 December 2015.
The European Parliament adopted at the beginning of October, then the Council of Ministers also gave the green light on 16 November to the new directive on payment services in the internal market (Directive on Payment Services 2) (PSD2).
In respect of public procurement procedures, thorough preparation for the procedure is of major importance since it will essentially affect the possibility for tenderers to participate, the time needed to conduct, and the outcome of, the procurement procedure, as well as the quality of the performance, and last but not least, it may lead to more efficient cooperation with the authorities.
One should be cautious in choosing a domain name in order to prevent the designation from being in conflict with the company name of another business or the trademark of another person.
