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NEWSROOM
In our newsroom, you can find a selection of recent major news and updates related to Hungarian legal developments.
New VAT rules for small enterprises in the EU
Changes in the SME VAT scheme will open the VAT exemption simplification to cross-border activity from 1 January 2025. If conditions are met, eligible businesses may benefit from the SME scheme in other Member States.
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EU gates open to illegal immigrants in Spain
On 19 November 2024, the Spanish government announced a major change to its immigration law. The reform will allow 300,000 undocumented illegal immigrants to obtain residence and work permits every year for the next three years. The reform package would also make it easier and longer for immigrants to obtain visas.
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"Temu tax" could make online shopping more expensive from January
Following the restrictions in the Far East, all companies operating online marketplaces in Hungary can expect significant tax changes and a new tax burden from January 2025. The change may also affect the very competitive prices that have been the main reason for the popularity of the big platforms and their competitive advantage over domestic retail. One of the most significant provisions of the autumn tax package is the one that would extend the special retail tax to so-called platform operators. The tax liability would fall on the foreign or domestic operator of the online marketplace for sales made by retailers through the platform. Platform operators are defined as web shops or applications that mediate sales between professional sellers and their customers. Examples include Temu, Wish or, for example, Amazon.
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In our law library, you can tap into our latest thinking by accessing our legal articles and business insights.
ESG, Among Others, an 'Increasingly Important' Field for International Law Firms
Interview with Eszter Kamocsay-Berta (BBJ; 2024)
Hungary Takes a Look at AI
A Buzz Interview with Rita Parkanyi (CEE Legal Matters; 2024)
Top Legal Executives in Hungary 2023
Interview with Levente Csengery (Budapest Business Journal - special edition; 2023)
