Belarusian-Hungarian business forum
Natalia Anoshka participated in the Belarusian-Hungarian Business Forum with the presentation “Legal Aspects of Doing Business: Belarus-Hungary”. She presented specific features of doing business in Belarus to Hungarian businesses and provided examples of treaties concluded between Belarus and Hungary which simplify cooperation between the countries. At the forum the possible directions for the development of […]
Legal and tax advisory on restructuralization in CEE region
PETERKA & PARTNERS advised one of the world’s leading milk processors in relation to proposed changes to their manufacturing and distribution structures in the CEE region. The firm prepared a summary of the legal and tax implications of a major manufacturing and distribution restructuralization in the Czech Republic, Slovakia, Poland, Hungary and Romania. Advice from […]
Promotions at PETERKA & PARTNERS
It is with great pleasure that we announce the promotions of Georgi Kanev and Svetlana Todorova to the positions of Deputy Directors for Bulgaria, and Zoltan Adras Nemeth as Deputy Director for Hungary. Georgi Kanev has been practicing law for six years, and before he joined PETERKA & PARTNERS Bulgaria as a Senior Associate last […]
Changes to Hungarian tax legislation boosting investments
As usual, the new year brings with it several changes to Hungarian tax law. New types of corporate tax incentives are available for a starting investment of more than 6 billion HUF (approximately EUR 19 million) or job-creating investments of more than HUF 3 billion (approximately EUR 9.5 million) that are aimed at diversification of […]
ECJ Coty ruling: Suppliers of luxury goods may prohibit authorized distributors
In the ECJ´s ruling of 6 December 2017, the Court has ruled that selective distribution systems that aim to preserve the luxury image of products do not violate European competition law by restricting third-party online platform sales, and confirmed that platform bans are not hardcore restrictions of competition. The Court ruled that online platform bans […]
Business breakfast at PETERKA & PARTNERS Hungary
A very successful business event was held in mid-October in the premises of the PETERKA & PARTNERS Hungarian office. The office presented new regulations in two areas considered to be hot topics this autumn in Hungary.Ádám Kollár, Partner and Director for the Hungarian office, introduced the main features of the GDPR regulation recently adopted at […]
Energy efficiency tax allowances introduced in Hungary
Beyond existing state subsidies for energy efficiency and renewable energy projects, tax allowances introduced in 2017 mean new types of support for energy-related investments.The establishment of an EV (“electronic vehicle”) charging station entitles the investor to the double deduction of investment costs when calculating its corporate income tax base. The maximum of such deduction is […]
Lowest corporate tax rate in EU
A flat 9-per-cent corporate income tax rate (instead of the earlier 10% / 19% progressive rate) would mean a significant advantage for larger Hungarian companies against their competitors within the CEE region.
Decreasing employment tax burden
An important measure of the Government’s employment boosting programme is the gradual decrease of the employers’ social security payments. As the first step, employers’ social security contributions would decrease from 27% to 22% from 2017 (with a further decrease envisaged over the following years).
“Tax audit radar” available on Tax Authority webpages
The places and dates for planned tax audits affecting a specific circle of taxpayers (defined by their type of business activity or geographical area of operation) are now published weekly, from March 2017, on the webpages of the Hungarian Tax Authority.