Brexit will bring a number of changes to certain international legal relationships that we can’t anticipate yet; therefore a number of legal issues will arise related to the period beginning on January 1, 2021. Until then, however, there is a transitional period during which we should, as much as possible, prepare for the post-Brexit period. […]
It is not yet widespread in Hungary, although common practice in Anglo-Saxon areas, that at the same time of purchasing a real property of higher-value, principally commercial and industrial ones, or a company owning the real property, buyers take out the so-called title insurance. What does this mean in practice? It will be summarized in […]
Buzády & Udvari Law Firm, our exclusive Corporate Law Member in Hungary, are pleased to announce the addition of Data Privacy and Security to their IR Global membership. This new position adds further strength to their membership and offers support for fellow members in the area. If you have a requirement in this area, please get […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dr. Roberta Pál of Mihalics Law Firm. Roberta has joined IR as our exclusive IP – Trademark & Copyright and IP – Patents Member in Hungary. Founded in the heart of Budapest in 2004, Mihalics Law Firm has been providing its clients […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Vilmos Wágner of Moore Stephens Wagner Kft. Vilmos has joined IR as our exclusive Audit & Assurance Services Member in Hungary. Moore Wagner has specialised in providing audit, accounting and advisory services to their international clients for more than 20 years. With […]
For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as […]
Read moreRobin van Denderen of Schuiteman Corporate Finance recently met up with Györgyi Jenei and László Soós of Taxnology Innovations Kft. whilst visiting Budapest, Hungary. They enjoyed dinner in Budapest and believe that this could lead to working on future projects together. Thank you for sharing this photo with us!
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dr. Nóra Mányai of Füsthy & Mányai Law Office. Nóra has joined IR as our exclusive Mergers & Acquisitions and Competition Law Member in Hungary. Dr. Nóra Mányai is a senior partner at Füsthy and Mányai Law Office, specialized in labour law […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dr. Zsolt Füsthy of Füsthy & Mányai Law Office. Dr. Zsolt has joined IR as our exclusive Mergers & Acquisitions and Competition Law Member in Hungary. He was graduated at Eötvös Loránd University of Sciences with “summa cum laude” degree.He started his […]
The time limitation for the utilization tax losses carried forward from previous periods have changed multiple times, having raised several questions in taxpayers. According to previous rules, tax losses realized between 2004 and 2014 could be utilized for an unlimited time. As of 1 January 2015, the tax loss carry forward rules had changed and […]
Last year’s EU harmonization package related to VAT, which was dubbed “Quick Fixes”, will be applicable in Hungary from 1 January 2020. The changes concern four areas: 1) the general conditions of VAT exemption for intra-Community supplies of goods, 2) acceptable types of proof of transport, 3) call-off stock simplification, and 4) rules for chain […]
The Hungarian Tax Authority has released an updated version of its real-time invoice reporting (RTIR) model. Initially introduced in July 2018, the anti-VAT fraud measure requires that all invoices, including paper, must be reported to authorities live and electronically. Version 2.0 is available from November 2019 for testing, giving time to taxpayers until April 2020 […]
