Have you given your personal data in a registration form? Had you registered for an event with your personal data and then received emails with marketing content? Today, we share some thoughts about the four-year-old GDPR, that is, the General Data Protection Regulation. With regard to the content of the regulation, we will now primarily […]
The government decree on extra-profit taxes which was described earlier also amends the rules on simplified employment. From 1 July, the tax burden changes, which means that the payable tax by the employer increases. What exactly does it mean? In the following, we are going to review the rules of simplified employment. The following simplified […]
The new Civil Code 2013 introduced the concept of the trust as fiduciary asset management contract (FAMC or trust) in y2014. The concept of this new type of contract was drawn up on the basis of the model of the trust in English law and that of the Treuhand in German law. The regulation of […]
In the following, we are going to discuss the international provisions applicable to controlled foreign companies, in particular the so-called ATAD (Anti-Tax Avoidance Directive), which is about: laying down rules against tax avoidance practices that directly affect the functioning of the internal market. The other, similarly friendly word is EBITDA, which stands for earnings before […]
Assets under management is subject to corporate tax, has its own tax number, but its tax obligations (filing, declaration, payment of taxes, etc.) are fulfilled by the trustee. This strange line-up raises many questions on the part of the trustees and sometimes also on the part of the tax authorities. Tax liabilities of the Hungarian […]
In our post today, we are going to talk about the new residence permit which was invented specifically for digital nomads in order to be able to work smoothly in Hungary. You can apply for this new residence permit from 1 January 2022. It is the so-called White Card, which is aimed at third-country nationals […]
Today, we look at a very useful institution for tax purposes. We gathered the most important information in case e.g., we would like to trade on a stock exchange or possibly invest in government securities with this option. All this can be done not only by a natural person, but also by a private foundation […]
The presence of Ukrainian workers in the Hungarian labour market is nothing new, but the conflict in the neighbouring country has created a completely different situation: new arrivals are seeking refugee status, but the conditions for this – despite the already facilitated employment rules – were not always met. In early March 2022, the Hungarian […]
PROBATE PROCESS The local authority of the deceased person’s last place of residence is responsible for preparing the probate proceedings, but they are conducted before the appointed probate notary. All interested parties are obliged to attend the probate proceedings. The procedure is usually governed by the deceased person’s testamentary will or by the applicable legal […]
Under Hungarian law, entities may be natural or legal persons and associations of persons without legal personality. From an estate planning perspective, the main types of companies (legal persons) in Hungary: general partnership limited partnership limited liability company limited company by shares (public or private) The most popular Hungarian legal entity that trustees of a […]