For decades, the SAFE contract type in the US has facilitated the raising of capital for start-ups with high future potential. Meanwhile, under Hungarian law, the same can currently only be done in a cumbersome and circuitous way. However, a recent amendment proposal seeks to fill this gap.

On 20 April 2023, after a long wait, the European Parliament voted in favour of the so-called MiCA regulation on crypto asset markets, which will be the first comprehensive set of rules covering this area in the EU. However, it remains to be seen what impact the new regulation will have on the crypto market.

Under a law passed by Parliament yesterday, all companies with more than 50 employees will be obliged to have a whistleblowing system in place from December. Employers with 250 employees cannot wait any longer, as they will have 60 days to implement the system. The question is, of course, whether companies will see the regulation as another unnecessary administrative burden or whether it will trigger an avalanche of internal investigations.

The tax authority (NAV) has recently published its audit schedule for 2023, which shows that it has adapted remarkably quickly to changes in the market. While the focus of its audits this year will continue to be on the high-performing perennial favourites and on large taxpayers, there’ll also be a strong focus on “support” procedures.

Social and economic changes in 2022 have broken a long downward trend recently, with the number of tax categories increasing from 51 to 59 last year. We give you the latest lowdown.

Many people who hold assets or realise income on foreign bank accounts have recently received an invitation from the Hungarian tax authority, NAV, to partake in a “support procedure”. An invitation from a tax authority is never entirely pleasant, even if its purpose is “support”. Or is there really nothing to fear?

If a property price includes VAT, the question often arises as to whether the gross or the net purchase price should be indicated as the market value of the property for stamp duty purposes. Even if it hasn’t been officially announced yet, it does seem we’re getting closer to an answer – and the good news is, it looks like the net price will win out.

As many already know, the provisions of the Labour Code (LC) have changed substantially with effect from 1 January. Amid the many changes, however, there’s one in particular that may escape employers’ attention but could end up costing them dear: the broadening of the burden of proof on employers.