Employer of record (EoR) services are becoming increasingly popular for companies looking to expand rapidly internationally. This allows a company to enter a market and recruit workers in another country quickly, efficiently and at lower cost without setting up a subsidiary. As with any panacea, however, it is important to be careful.

Global employee mobility is an increasingly common issue for companies. Therefore, it is important to be familiar with the basic legal and tax regulations regarding postings. While the first chapter of our three-part series focused on the most important legal questions, this time we will explore tax and social security considerations.

Connecting a holiday in Tenerife with remote work? Sending an employee to China for three months? While ten years ago, these questions were considered unique, today, international mobility has become an everyday part of employment relationships.

In 2024, consumer protection authority placed a strong focus on examining online stores. According to a recent announcement by the Minister of National Economy, such inspections are expected to increase further in the coming year. Additionally, 2025 will see the establishment of a consumer protection super authority, with the primary goal of safeguarding consumers in the digital space. For online store operators, it is crucial to prepare for the key practices and shortcomings that attract regulatory scrutiny.

Including an earn-out provision in a corporate sale transaction can be an effective way to ensure a smooth and efficient transfer of a company. However, it may also introduce significant tax challenges. As such, it’s important to approach the inclusion of such a provision with careful consideration.

This year, the most frequently mentioned buzzwords in the IT sector are "cybersecurity" and "compliance." This is due to the NIS2 directive, which is being uniformly introduced across the EU, and the tasks associated with it span the entire year. Moreover, in just a few days, Hungarian businesses must move past the second phase as well.

While the golden visa rules are still being finalised in Hungary, similar schemes have been popular in other EU countries for years. However, once the Hungarian rules have been finalised, the Hungarian Golden Visa will be highly competitive by EU standards.

As in every year, the Hungarian tax administration has published its yearly summary with the most important trends and numbers regarding taxation in Hungary during 2023. In the last year it seemed that, while the tax authority was still increasing its efforts to entice the taxpayers’ voluntary compliance, fines have also soared to unprecedented heights. The statistics also show that it remains worthwhile to take the case to the courts if one finds the National Tax and Customs Administration’s decisions unlawful.