NEWSROOM

Stricter Environmental Penalties as of May 2025: New Rules for Corporations and SMEs

The Government of Hungary expects all investments to comply with the strictest environmental standards. Should companies fail to meet these requirements, fines will be imposed under the "polluter pays" principle.

The EU is set to propose a 2€ handling fee for low-value e-commerce packages

On 20 May 2025 the European Commission announced that the EU is preparing to introduce a €2 handling fee on online parcels entering the EU as part of a sweeping overhaul of its customs system, aimed at managing the billions of low-value items flooding into the bloc primarily from China-based e-commerce giants such as Shein, Temu, and Alibaba.

Spring Tax Package 2025

The Hungarian Government’s Spring Tax Package adopted on 11 June 2025 introduced significant changes to tax legislation, aligning with international standards and strengthening domestic revenue strategies. The 91-page draft bill proposes multiple structural reforms to Hungary’s tax system.

Accredited ESG advisor certification

We are pleased to share that KCG Partners' founding and managing partner, dr Eszter Kamocsay-Berta, senior attorney dr Krisztián Királyvölgyi, and junior associate dr Tamás Zsiros has obtained an accredited ESG advisor certification.

EU adopts VAT in the Digital Age package

On 11 March 2025, the European Union formally adopted the ViDA (VAT in the Digital Age) package, which aims to digitise the EU’s VAT system. The EU’s VAT reform came into force on Monday, 14 April, the 20th day after its publication on 25 March 2025. The changes will be phased in gradually between 2025 and 2035, but the new provisions also require timely digital, IT and financial planning from the businesses.

Decision in the Malta case ends citizenship by investment programs in the EU

After years of investigation, the European Court of Justice (ECJ) has ruled that Malta’s golden passport program is illegal.

Introduction of the European Health Data Space

On 5 March 2025, the European Union officially adopted Regulation (EU) 2025/327, which established the European Health Data Space (EHDS).

Companies may have six more months to comply with the NIS2 directive

“To comply with the cybersecurity requirements of the NIS2 directive, affected businesses may get an additional six months to prepare,” announced the Supervisory Authority for Regulatory Affairs of Hungary (SZTFH) in a statement on 5 May 2025.

An administrative relief for multinationals: EU Adopts DAC9 Directive on Global Minimum Tax

On 24 April 2025, to streamline compliance with the global minimum tax (GloBE) rules, the European Union adopted the DAC9 Directive (Directive on Administrative Cooperation).

Unexpected turnaround for loan agreements denominated in foreign currencies

In Hungary, foreign currency-based loan contracts became popular in 2006, as they were available at significantly lower interest rates than their forint-based counterparts.