Current news
Foreign tenderers for public procurements in Hungary
Every year, foreign companies win public procurements of significant value in Hungary, which are usually high-value construction projects. With regard to these construction investments, it can be said that the [...]
The use of a whistleblower system
The whistleblowing system is a system functioning within an organization, which is available to the Company’s employees and also to other affected parties (e.g., suppliers, customers, other service providers etc.). [...]
Hungary – The lowest corporate tax rate in the EU
Hungary has become one of the most favorable places to start business during the last few years, since the government cut the corporate tax rate to the lowest level in [...]
Property boom in Budapest
Budapest shows the highest residential property price growth in Europe during the last 12 months - according to property services company Knight Frankʼs report. The growth was 19 % from [...]
Changes in the requirements of the choosability of the KIVA (Small business tax)
The Act No. XLI of 2018 on the modification of the respective tax laws and of other related laws and on the immigration special tax introduced changes in the requirements [...]
Group taxation
On 13. November 2018, the parliament has accepted the modification of the corporate tax law valid from 1. January 2019 according to which the corporate group taxation established by at [...]
Electronic Public Procurement System (EKR) registration
From 15. April 2018 – from the mandatory introduction of the EKR – only the contracting entities having a registration approved in the EKR are entitled to initiate any public [...]
Reforms in the employment of pensioners in an employment relationship
The changes planned for 2019 primarily refer to the charges of the employment of the pensioners in an employment relationship set out by the Hungarian Labor Law. According to the [...]
