The Hungarian Government's request for a derogation has been successful, as the European Council decision on the 2nd of October 2019 does not require to keep a track record of the private use of leased passenger cars, if the bill submitted on Friday is adopted, and the costs of leasing VAT and 50% of it will be deductible without certificate, as opposed to the previous rule of proportionality.
Specific details of a new tax institution were established in a so-called “tax-package” submitted prior to the festive week-end, which has had unfortunately passed away. Following the VAT grouping, corporate tax grouping is going to be available in Hungary, thus, also a massive competitive disadvantage is willing to be vanished.
The management of a company may be entrusted to a managing director as a contractor or an employee, subject to the agreement of the parties. If a managing director carries out his duties in an employment relationship, then both the legal provisions applicable to corporate companies and the relevant labor law rules should be taken into account in connection with the legal relationship, which may in many cases lead to difficulties in applying the law.
The recent ruling of the Court on a case-by-case incident is related to an accident at work has repeatedly analyzed the concept of the control circle in relation to compensation and was affected by the obligation to compensate and the possible sharing of damages also the question of the correct interpretation of the relevant legislation.
The provisions on the disqualification of company law are set out in Act V of 2006 on Public Company Information, Company Registration and Winding-up Proceedings (hereinafter: “Ctv.”). Some amendments to the law since its entry into force have gradually tightened up. At the same time, Act CCLII of 2013 has introduced exceptions to the ban, alleviating the former rigor of regulation. According to the legislation in force, as a result of the search for property, the following three cases may occur in the disqualification of forced cancellation proceedings.
The Supreme Court ruled again in the subject of the liability for damages of the managing directors. Recently, the Supreme Court published a regulation in which they dealt with acts with regard to liability for damages of the executive employee, which is regulated in Act I of 2012, in the so-called new Labor Code.
The travel insurances supplements become more popular, as it can serve as an asset for the damages suffered from flight delays and flight cancellations.
The Supreme Court declared in a Decision of 2018, that the concealment of assets can be established also with the combination of more transactions.
What does concealment of assets mean?
Our law firm held an all-day-long executive and legal training on 17 September 2018 for the management of an affiliated company being subsidiary of a German-owne
The new data protection regulation of the European Union shall be applicable since 25 May, 2018.
