News - Andersen Magyarország

Further measures to mitigate the economic impacts of the coronavirus pandemic

On April 4, 2020, the government introduced the epidemic prevention fund, to cover the cost of epidemic protection. The following steps serve to cover the HUF 663 billion budget of the fund. 3 and 2024 as well.

New legislation process during emergency period

Pursuant to a new legislation passed by the Parliament of Hungary the following shall apply from here on until the revocation thereof by the Parliament upon the termination of the state of danger.

Further Details on the Extraordinary Tax Measures Released by the Government

On March 23, 2020, Decree no. 61/2020 (III. 23.) on the measures necessary to mitigate the impact of the coronavirus on the economy was published in Hungary.

New state aid opportunities due to coronavirus

State aid up to EUR 800 000 per company might be available to mitigate the economic damage caused by the COVID-19 epidemic, based on the so-called “Temporary Framework”…

Three Months Deferral on Compulsory Invoice Data Supply

A three-month grace period will be given to taxpayers, to use the 2.0 version of the Online Invoice System due to the coronavirus crisis.

Coronavirus: the government’s emergency package

On March 18, 2020, the government announced an emergency package to mitigate the impact of the coronavirus pandemic on the national economy.

How high is the Hungarian tax wedge?

What tax burdens does the Hungarian tax system impose on taxable persons? How worrisome are these burdens? How complicated is the system?

Anti-money laundering rules – extended deadline

As already mentioned in our earlier newsletters, the Act on Anti-Money Laundering (“Act”) came into force on 26 June 2017.

GDPR Implementation and Enforcement After One Year

A Pan-European comparative analysis including infringements and sanctions…

Brexit – New tax bill concerning UK individuals working in Hungary

As probably everybody knows by now, the UK is supposed to leave the European Union on 29 March 2019. Although the situation is changing almost every day…

Changes to the Hungarian film legislation from 2019

On 12 December 2018, the Hungarian Parliament passed the bill that introduces new changes to the Hungarian film legislation. Most of the amendments will come to effect as of 1 January 2019.

Exchange of information with respect to country-by-country reporting between Hungary and the USA

The draft law no. T/3360. on the announcement of the agreement between the Government of Hungary and the Government of…