The summary below highlights the most important changes to the Hungarian Tax Regime for 2022.
Changes In The Taxation System in Hungary in 2022
The Applicable Labour Law for Employees of a Hungarian Employer While Working Abroad
A Hungarian company in the field of the construction industry is constantly posting workers to different member states of the European Union. According to the labour agreement of employer and employees the applicable law is Hungarian, however, the mandatory health and safety provisions of the place of work based on the Directive 96/71/EC of the European Parliament and of the Council of 16 December 1996 concerning the posting of workers in the framework of the provision of services – if these have a stronger protection - must be applied.
Woloszanski & Partners, Ellisons Solicitors, and Eversheds Sutherland Advise on ZignSec's Acquisition of Web Shield Group
Alliott Global Alliance members Woloszanski & Partners and Ellisons Solicitors have advised Web Shield on the sale of its shares in the Web Shield Group to Swedish ZignSec AB. Eversheds Sutherland advised the buyer.
Hungarian Court Decides That EXW Hungary Does Not Establish Hungarian Jurisdiction (Under Circumstances Specified Below)
Ex Works (EXW) is an international trade term and is one of the 11 current Incoterms Rules, a set of standardized international trade terms that are published by the ICC (International Chamber of Commerce). EXW means that the seller fulfils his obligation to deliver when he has made the goods available at his premises (i.e., factory, warehouse, etc.) to the buyer. The buyer bears all costs and risks involved in taking the goods from the seller's premises to the desired destination.
Entrepreneurs as Consumers – the Problematic New Revision of Polish Business Law
From 2021 entrepreneurs running sole proprietorships have been granted certain benefits, which had so far been enjoyed only by consumers. All this is due to the change in the Polish Civil Code and the consumer rights legislation referred to as the so-called "friendly law package" (Polish Journal of Laws 2019, item 1495). Based on the perspective of entrepreneurs, this paper outlines the challenges brought about by the amendment.
Free Trade Agreement Signed Between Turkey and the United Kingdom
Turkey and the United Kingdom (the United Kingdom of Great Britain and Northern Ireland ) (the “UK”) signed the Free Trade Agreement (the “FTA”) on December 29th, 2020 just before the UK exits European Union (the “EU”). The FTA, which came into force as of January 1st, 2021, ensures special trading terms for UK businesses, which can continue to export and import under preferential tariffs, compared with no agreement.
Alliott Global Alliance at a Glance
Alliott Global Alliance (AGA) is one of the world’s largest international alliances of independent law, accounting, and specialist advisory firms, with over 200 member firms in 90 countries.
AGA has a growing presence in the CEE region, with member firms offering smaller and medium sized, entrepreneurial businesses and multinationals a comprehensive range of legal services including company commercial, corporate, dispute resolution, investment, banking and finance, real estate, international trade and intellectual property. The availability of tax, accounting and audit expertise ensures additional value-add for clients as and when needed. And the close personal relationships between our kinship of professionals ensures member firms work Together as One to make the world smaller and clients’ businesses stronger.
AGA is growing fast and plans to expand its reach to 100 countries by early 2025. Opportunities to be the alliance’s sole representative member firm in a specific geographic market are available to ambitious, progressive business law firms that need the resources of an international alliance to develop their international client bases, ensure high levels of service are provided to existing clients and achieve greater visibility and a sharper competitive edge in a crowded legal services marketplace.
For more information, please visit our website or contact Damien McMenamin, Chief Growth Officer at damien@alliottglobal.com