Too few civil actions lead to less stringency in the conduct of proceedings

Zoltán Dobos | 5 January 2021

The new Civil Procedure Code), enacted almost 3 years ago, placed the conduct of proceedings on stricter foundations. As a visible result of this, the number of lawsuits has dropped dramatically in recent years: more than 20% fewer disputes have been filed with the district courts and around 50% fewer at the regional courts than before. Perhaps this is also the reason why, under a bill recently passed, the harsh rules that had seemed carved in stone are likely to be softened. 

With VAT or without it?

Levente Bihari | 4 December 2020

VAT can cause a lot of complications when it comes to interpreting our regular contracts. Does the purchase price include VAT if the parties have not explicitly stated so? Should a guarantee withholding be made from an amount that includes VAT? Does the stamp duty need to be paid on the gross or the net price of the property? These questions are particularly timely in light of the recent reduction in the VAT rate on newbuild homes: who stands to benefit from this – the builder or the apartment buyer?

How should we write a “Covid clause”?

Péter Gyimesi | 19 November 2020

Apart from all its other nasty effects, the coronavirus has shown how unprepared lawyers are. Not long after the outbreak of the virus, it became all too obvious that the “force majeure” clauses traditionally worded along Anglo-Saxon lines were not worth the paper they were written on: they simply weren’t suitable for addressing the kind of problems that were arising in the new situation. Based on what we’ve learnt over the past few months, however, it’s now a lot clearer how a “Covid-proof” contract should be drawn up.

VAT ninjas enjoy an advantage – reclaiming VAT on bad debts isn’t easy

Tamás Fehér | 16 October 2020

Reclaiming VAT on bad debts under the new 2020 rules may well conjure up images of a TV show obstacle course.  Initial experiences suggest that anyone trying to reclaim VAT will be up against the wall. But the undertaking isn’t unfeasible.

Goodbye brand service centres, goodbye in-store customer service desks – warranty rules set to change

Gábor Kerekes J. | 18 September 2020

Who hasn’t queued at the in-store customer service desk to have their warranty stamped? Who hasn’t spent hours figuring out which brand service centre to take a faulty product to? And there are many more, similar nuisances we could add. However, changes in the warranty regulations are set to put an end to these from next year. But what’s good for consumers represents a major additional burden for vendors.

“183 days” and similar misconceptions… when can we really avoid Hungarian taxation?

István Csővári | 8 September 2020

"I have a Slovak address card, so I don’t have to pay taxes in Hungary…" "I just have to make sure not to spend more than 183 days at home". "I’m a digital nomad, I don’t pay taxes anywhere." Many similar misconceptions circulate in Hungary regarding the rules of tax residence. However, tax regulations are “much smarter” than that and those who follow false illusions may even be exposed to criminal liability.

Another milestone in VAT recovery on bad debt

Tamás Fehér | 23 July 2020

Recently, a Hungarian court accepted the right of a taxpayer to recover VAT on a bad debt where the VAT claim has already elapsed. The court made it clear that the statute of limitations does not count from the day of the original invoice but from the date when the debt became definitively irrecoverable. This decision may give hope to taxpayers in many pending cases.

Enforcement has finally arrived in the 21st century

Boglárka Zsibrita | 7 July 2020

The healthcare emergency situation has accelerated the digitisation of tasks and processes in a wide range of areas. Enforcement proceedings based on notarial deeds are no exception, where an electronic procedure became mandatory a few months ago. The only question is how long the signature itself will still need to be in writing.

Search
Who is this blog addressed to?

The law is constantly in flux. While many people may find this intimidating, for us it’s precisely what makes it so exciting. We’d like to share this attitude with businesspeople and managers, and with those who just have an interest in business law, in the form of a regularly updated blog that discusses the latest tax law and commercial law issues in an accessible style. Feel free to send your questions and suggestions for topics you’d like us to cover to blog@jalsovszky.com.

Subscribe

Wish to receive our articles?

Please enter your name and e-mail address if you would like to be notified of our new blog entries.

Name:
E-mail:

Thank you for your subscription

Please check your e-mail inbox.
We have sent an activating e-mail to your address.


You can finalise your subscription by clicking on the link.
You will receive notifications of our new blog posts.