logo

Another burden on renewable energy companies?

Boglárka Zsibrita | 4 October 2022
perjel
Boglárka Zsibrita

On 30 September 2022 the Council of the European Union discussed and adopted a draft EU extra tax regulation aimed at the energy sector. Under the regulation, member states will receive, as budget revenue, part of the windfall profits generated by the energy sector. For Hungarian operators, the legislation is particularly important in view of the windfall taxes introduced for renewable energy producers in June 2022.

Can my business pay cash?

Tamás Fehér | 23 August 2022
perjel
Tamás Fehér

The title may sound like a bogus question – but it is far from it. What many people do not know is that cash payments are prohibited or restricted between businesses in many cases. And even fewer people know that cash payments over a certain threshold are subject to the full rigour of money laundering regulations.

Fewer NAV audits, more efficiency – the tax authority’s report card

Péter Vajk Balogh | 22 August 2022
perjel
Péter Vajk  Balogh

The National Customs and Tax Authority (NAV) has recently published its annual report – something of a tradition now – which summarises its activities over the past year. Looking through the many statistics, the picture that emerges is that the efficiency of NAV audits has increased in recent years.

How will employers be affected by the change in KATA?

Péter Barta | 3 August 2022
perjel
Péter Barta

The September amendment to the KATA Act has fundamentally restricted this form of taxation. According to current estimates, only 100,000 of the 460,000 KATA-paying entrepreneurs will continue to be able to stay in the system, the rest will be squeezed out. Meanwhile, the amendment affects not only those subject to KATA, but also those who employ them. Below is a hand-picked selection of these effects.

Property in trust?

Ákos Baráti | 15 June 2022
perjel
Ákos Baráti

Because of its wealth protection features and favourable tax environment, trusts have become one of the most popular tools for family wealth planning. However, it matters what assets the settlor places in the trust– a mistake could easily undermine the favourable tax treatment of the trust.

Black night in energy market

Boglárka Zsibrita | 31 May 2022
perjel
Boglárka Zsibrita

Recently an increasing number of market players operating under the mandatory off-take regime (KÁT) have taken the opportunity to sell their renewable energy in the free market and thus, due to the current favourable market situation, sell their electricity at a much higher price than the subsidised price paid by the state. This flexibility, however, has disappeared overnight.

THE SUN ALSO SHINES IN PARKING GARAGES – SALE OF PARKING SPACES BECOMES EASIER

Gábor Kerekes J. | 27 May 2022
perjel
Gábor Kerekes J.

Two weeks ago, almost on the sly, a legislative amendment was adopted that could solve one of the “hit problems” of the real estate market: the complicated process of selling parking spaces in a condominium building. The changes came into force on 2 May, so it is now up to market players to put the new provisions into practice.

PRIVATE INVESTIGATORS AND POLYGRAPHS IN BUSINESS

Tamás Fehér | 20 May 2022
perjel
Tamás Fehér

Some of the more exotic means of evidence that we typically think can only exist in movies or in serious criminal cases can also be surprisingly useful in business. In everyday life, too, you can prevent serious inconvenience by hiring a private investigator in time, or even by a well-directed lie detector test. Zsolt Bodnár and Dr. Béla Balla of Hori-Zone Security helped us to get to the bottom of the subject.

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?