NEWSROOM
VAT Rules and Planned Changes in Hungary
The fundamental rules of the European Union’s value added tax (VAT) system are laid down in the 2006/112/EC Council Directive. The Directive establishes the minimum requirements with which the national VAT legislation of Member States must comply. Under the VAT Directive, each Member State is required to apply at least one standard VAT rate, which may not be lower than 15%.
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New member, Noémi Herszényi-Csete
We are pleased to welcome a new member to our team. In April, Dr Noémi Herszényi-Csete joined KCG Partners Law Firm as a Junior associate.
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The Government's economic policy appears to be taking shape
András Kármán, the Minister of Finance, made important announcements during his hearing before the Parliament’s Finance and Budget Committee in May 2026. The Ministry of Finance will be responsible for budgetary and tax policy matters; thus, its sole responsibility will be to ensure fiscal stability and responsible financial management. Economic development issues will be transferred to the Ministry of Economy and Energy.
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NIS2: The Deadline for the Local Cybersecurity Audit is Rushing Closer
The cybersecurity audit market in Hungary is undergoing a significant transformation following the issuance of a new regulation by the Supervisory Authority for Regulatory Affairs (abbreviated in Hungarian: SZTFH) governing NIS2 (cybersecurity) audits in June 2026.
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EU aims to tackle the imminent kerosene shortage
Since 28 February 2026, Israel and the United States of America have been at war with Iran, one of the most geopolitically significant countries in the Middle East. EU Energy Commissioner Dan Jorgensen told Reuters that Member States may be required to build up kerosene reserves and, if necessary, share them with each other.
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EU moves to end duty-free advantage for low-value imports
From 1 July 2026, the European Union introduces a major change to its customs system: the elimination of the duty-free exemption for low-value imports, a move primarily targeting the rapidly growing volume of small parcels arriving from Asian online retailers. At the same time, an interim uniform customs handling fee of 3 euros per shipment is set to be introduced, fundamentally reshaping the economics of cross-border e-commerce.
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From National Contributions to EU Taxes: A Turning Point in European Fiscal Policy
In late April 2026, the European Parliament adopted its official position on the EU’s next long-term budget (2028–2034), calling for a significant increase in spending and, crucially, the introduction of new EU-level revenue sources.
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CJEU Judgment on Hungarian Foreign Currency Loans
The Budapest High Court (Fővárosi Törvényszék), issued a request for a preliminary ruling, which was received at the Court of Justice of the European Union (CJEU) on 15 October 2024.
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The registry of sole proprietors will be transferred to the chambers of commerce
As of 1 January 2027, the task of maintaining the registry of sole proprietors will be transferred from the National Tax and Customs Administration to the Hungarian Chamber of Commerce and Industry.
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EU moves to end duty-free advantage for low-value imports
From 1 July 2026, the European Union introduces a major change to its customs system: the elimination of the duty-free exemption for low-value imports, a move primarily targeting the rapidly growing volume of small parcels arriving from Asian online retailers.
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