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.

Just like every year, the National Tax and Customs Administration (NAV) published its information notice regarding the audit targets until 20 February this year, notifying tax payers as to whose activities engaged in which sectors will be principally audited by NAV in the current tax year. Please find below a summary of the fields and directions of audit targeted most of all.

The aim of labour inspection is to define whether the employer complies with the basic rules and principles of labour legislation.

From now on all relevant information of the clients’ accounts is available automatically to the National Tax and Customs Office, this is the most important amendment of the Standard for Automatic Exchange of Financial Account Information, wich entried into force on the first of january, 2016, so-called CRS Agreements.

Almost at the last second, two weeks in advance of the expiry of the time limit allowed, Mr Gergely Gulyás, MP, submitted an individual motion to the Parliament to extend, by an additional year, the time limit allowed for limited liability companies having a registered capital of less than three million Forints to implement a capital increase required by legislation and to ensure that their operations are covered by the new Civil Code of Hungary.

If employment claims are asserted it is not always unambiguous prima facie as to which cases can be referred to employment tribunal and which ones to an ordinary court. It is useful for both employers and employees to be aware of which body is responsible for adjudicating a labour dispute and how the claim can be asserted.

Act CCXXII of 2015 on the General rules for electronic administration and trust services entered into force on 1 January 2016 the provisions of which will among others replace the provisions of Act XXXV of 2011 on Electronic signatures

The following questions often arise in connection with pregnancy: When and in what form do the rules of employment law protect employees? What about employees involved in procedures using human reproductive technologies?

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.