Products imported from and exported to the UK became subject to customs duties as the UK withdrew from the European Union on 1 February 2020 and also left the EU customs union on 1 January 2021.
Category Archives: Hungary
The hot practice for CMS in Hungary is Dispute Resolution, and Zsolt Okanyi, Partner and Head of Dispute Resolution both for Hungary and globally at CMS, explains that his team’s current workload is primarily driven by the COVID-19 crisis.
Every spring DLA Piper publishes its annual M&A intelligence report. This past spring, we could only speculate on the effects of the pandemic as COVID-19 had just hit Europe. Informed by our experience of the past few months, we have recently publi…
In January 2021, Hungarian lawyer Gergely Juhasz launched Risque Finance Brokers – an independent financial services start-up offering risk management consulting services for the M&A sector.
Hungarian National Tax and Customs Authority regularly publishes the list of major tax defaulters for failing to fulfil their tax obligations in Hungary. The list also contains private data of the defaulters, including, inter alia, information on tax a…
First reports under DAC6 were due recently from those who are parties to a cross-border transactions. Concurrently, at the last possible moment, the Hungarian Ministry of Finance published a Guide on certain issues related to the fulfilment of the repo…
At the beginning of February 2021, a new decree of the Hungarian Minister of Finance (“Decree”) was published on the detailed rules of the execution of the Money Laundering Act for certain non-financial service providers and the development and the min…
In the last decade, the amount of minimum wage and the guaranteed minimum wage has been rising year by year. However, the process of determining the minimum wage in 2021 was different from previous years in two ways: firstly, the agreement on the wage,…
Act Ban & Karika has helped Swiss-based Elpro, a manufacturer of environmental monitoring solutions for pharmaceutical, life science, biotech, and health care industries, establish its Hungarian office and implement relevant GDPR compliance procedu…
CMS has advised OTP Group affiliate OTP Mobile, a Hungarian online payment platform, on a FinTech cooperation agreement with Raiffeisen.