tag: EU

The Pay Transparency Directive celebrates its 3rd anniversary on 10 May, and there is now hardly any company that has not encountered the topic in some form. Although one year remains until the reporting obligation comes into effect, there are already employer obligations that must comply with even if the local rules for applying the Directive in Hungary are still unknown.

A new era is set to begin in European pharmaceutical law: after more than twenty years, the European Union is comprehensively revamping its pharmaceutical regulations, which could fundamentally transform the way the pharmaceutical industry operates. The Pharmaceutical Package aims to enable faster access to affordable medicines, encourage innovation, strengthen the competitiveness of the industry, while also paying attention to the significance of sustainability. Our article summarizes the main elements of the planned changes and their expected impact on manufacturers.

In early September, the French data protection authority issued a precedent-setting decision: it fined Shein’s Irish subsidiary for serious violations of cookie and user consent regulations. The ruling goes far beyond a single fine and sends a clear message: cookie-related data protection rules must be taken seriously.

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.

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.

For years now, opportunities to reclaim VAT on bad debts have come up again and again. Although many had thought they had definitely missed the boat on this one, taxpayers have just been given one last chance.

For the first time, the Supreme Court ruled on the merits concerning the refund of VAT on bad debts – and the decision was in favour of taxpayers. The judgments serve as a guideline in a number of similar cases, and may even help taxpayers with refunds claimed under the rules that came into force in 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.