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It's everywhere, yet unseen: open-source software

Gábor Kerekes J. | 10 January 2024
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Gábor Kerekes J.

Nowadays, we use software even when we're not aware of it, as everything from cars to smartwatches and household appliances, without exception, is operated with the help of some software or application. However, few people know that in the development of any software, there is a good chance that open-source software is used. Open-source software offers excellent solutions and an inexhaustible knowledge base, but its legal implications are far from clear.

Tags:
IP

The Hungarian regulation on foreigner’s VAT refund violates EU rules, according to the advocate general's opinion

Péter Barta | 18 December 2023
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Péter Barta

According to the opinion released yesterday by the advocate general of the European Court of Justice, the Hungarian regulation that prohibits foreign taxpayers from submitting their documents in the second instance (appeal) procedures in VAT refund cases violates European law. If the final judgment will align with this opinion, it would not only simplify the process for foreign businesses to claim VAT refunds in Hungary but would also open the possibility to reclaim previous VAT payments.

Closure of Shops: The Red Card Comes Immediately

Péter Barta | 18 December 2023
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Péter Barta

The rules for shop closures are tightening, and next year, those who violate invoice or receipt obligations may not necessarily get away with just a warning. Considering that even a few weeks of closure can cause significant damage to a company's life, it is advisable for businesses to tighten their processes and supervision of their employees.

Tax-free acquisition of shares in startups

Zsóka Erdősy | 29 November 2023
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Zsóka Erdősy

As of 1 January 2024, a long-standing dream of startups is coming true: these companies can provide shares to their employees and executives tax-free. As a result, the ownership mindset and motivation of these individuals can be efficiently ensured without tax burdens.

Tags:
Tax

EPR DATA REPORTING - IT'S NOT WORTH TO CIRCUMVENT THE OBLIGATIONS

Henrik Bereznai | 12 October 2023
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Henrik Bereznai

The approaching October 20 deadline has been kept the Hungarian business sphere on edge for quite some time. This is the cutoff for submitting the first EPR (Extended Producer Responsibility) declarations. While many details are still unresolved, it is already clear that attempting to deceive or withhold information is not worth it.

On the Horizon: The First Data Submission of the EPR regime - The Most Important Questions and Answers

Henrik Bereznai | 26 September 2023
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Henrik Bereznai

As part of the implementation of the European Union's waste management directives, Hungary will also need to apply the rules of the ‘Extended Producer Responsibility’ (EPR) legislation as from 1 July 2023.

MORE AND MORE TAX AUDITS - IT'S WISE TO STAY VIGILANT

Henrik Bereznai | 20 September 2023
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Henrik Bereznai

Already last year, it was noticeable that after several years of decline, the Hungarian Tax Authority conducts more and more tax audits. In 2022, the number of tax audits increased by 6.2% compared to the previous year. Experience shows that this trend is expected to continue even more strongly this year. The most commonly audited tax category remains VAT.

The four-day working week – a genuine possibility or just a passing whim?

Dóra Ágnes Nagy | 29 August 2023
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Dóra Ágnes Nagy

From time to time, there’s news of companies introducing four-day work week. Magyar Telekom has been mentioned several times as the first big fish to do so, but Libri, too, has apparently done the same, as have various local subsidiaries of foreign parent companies. The obvious question is whether this option is available to everyone and, if so, at what price.

Tags:
labor law
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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.

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