Author: Gábor Szabó

The first GINOP tender for SMEs in Hungary

The European Commission adopted 80% of Hungary’s operational programmes for the 2014-2020 programming period in mid-February. The tender to support the expansion of SME’s production capacity will probably be published among the first ones in April, according to preliminary information with the following details.  Title: EXPANSION OF PRODUCTION CAPACITY OF MICRO, SMALL AND MEDIUM SIZED ENTERPRISES, Goal: […]

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HUNGARY | German-style Supervisory Board

Peremptory Supervisory Board | Hungarian company may appoint German-style Supervisory Board with strong decision-making powers. The articles of association of companies may contain provisions on assigning the right of appointment and recall of management board members and of managing directors, as well as of establishing their remuneration to the supervisory board, and on rendering the […]

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Hungary deepens commitment to fight offshore tax avoidance and evasion

www.oecd.org In a week at Global Forum on Transparency and Exchange of Information for Tax Purposes in Jakarta, Indonesia, a number of additional countries and jurisdictions are expected to sign the Convention 12 November 2013 Hungary became the 61st signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The Convention must now be […]

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IRELAND | The end of the royalty schemes

www.theguardian.com Ireland pledged to crack down on multinational companies who use addresses in the republic  to avoid paying tax in their home countries . The new rules will come into force from January 2015. Ireland’s finance minister, Michael Noonan, has promised a new finance bill that will include a measure to ensure that no Irish […]

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Switzerland and Hungary sign new double taxation agreement

www.admin.ch  12 September 2013 in Budapest, Switzerland and Hungary signed a new double taxation agreement in the area of taxes on income and assets. It replace the agreement of 9 April 1981. The new DTA contains provisions on the exchange of information in accordance with the international standard applicable at present. Aside from an OECD administrative […]

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eMag readies to open for business in Hungary

www.bbj.hu Romania-based information technology/communications product retailer eMag has launched its Hungarian website in preparation to open its online shop for the market; the website emag.hu is live and touting its giveaway promotions, online ordering, customer service and delivery services, but no products are available through the website as of yet. According to Romania-based business news […]

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