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Countdown to the Full Implementation of the Mandatory Deposit Refund System

Henrik Bereznai | 5 June 2024
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Henrik Bereznai

Manufacturers have less than a month left - until June 30, 2024 -  before they must comply with the rules for products subject to the mandatory Deposit Refund System (DRS) when placing them on the market. Compliance with the new regulations will result in a price increase of HUF 50 per product, which consumers will have to bear - unless they return the relevant beverage cans and bottles.

EPR DATA REPORTING - IT'S NOT WORTH TO CIRCUMVENT THE OBLIGATIONS

Henrik Bereznai | 12 October 2023
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Henrik Bereznai

The approaching October 20 deadline has been kept the Hungarian business sphere on edge for quite some time. This is the cutoff for submitting the first EPR (Extended Producer Responsibility) declarations. While many details are still unresolved, it is already clear that attempting to deceive or withhold information is not worth it.

On the Horizon: The First Data Submission of the EPR regime - The Most Important Questions and Answers

Henrik Bereznai | 26 September 2023
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Henrik Bereznai

As part of the implementation of the European Union's waste management directives, Hungary will also need to apply the rules of the ‘Extended Producer Responsibility’ (EPR) legislation as from 1 July 2023.

MORE AND MORE TAX AUDITS - IT'S WISE TO STAY VIGILANT

Henrik Bereznai | 20 September 2023
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Henrik Bereznai

Already last year, it was noticeable that after several years of decline, the Hungarian Tax Authority conducts more and more tax audits. In 2022, the number of tax audits increased by 6.2% compared to the previous year. Experience shows that this trend is expected to continue even more strongly this year. The most commonly audited tax category remains VAT.

Holiday homes and apartments at the company’s expense?

Henrik Bereznai | 9 November 2021
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Henrik Bereznai

Implementing private property investments using company assets is slowly becoming a national sport. While the approach seems tempting, it carries a lot of risk. And the tax authority, NAV, has this type of arrangement firmly in its sights.

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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.

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