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Black night in energy market

31 May 2022 Boglárka Zsibrita | 31 May 2022
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Boglárka Zsibrita

Recently an increasing number of market players operating under the mandatory off-take regime (KÁT) have taken the opportunity to sell their renewable energy in the free market and thus, due to the current favourable market situation, sell their electricity at a much higher price than the subsidised price paid by the state. This flexibility, however, has disappeared overnight.

THE SUN ALSO SHINES IN PARKING GARAGES – SALE OF PARKING SPACES BECOMES EASIER

27 May 2022 Gábor Kerekes J. | 27 May 2022
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Gábor Kerekes J.

Two weeks ago, almost on the sly, a legislative amendment was adopted that could solve one of the “hit problems” of the real estate market: the complicated process of selling parking spaces in a condominium building. The changes came into force on 2 May, so it is now up to market players to put the new provisions into practice.

PRIVATE INVESTIGATORS AND POLYGRAPHS IN BUSINESS

20 May 2022 Tamás Fehér | 20 May 2022
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Tamás Fehér

Some of the more exotic means of evidence that we typically think can only exist in movies or in serious criminal cases can also be surprisingly useful in business. In everyday life, too, you can prevent serious inconvenience by hiring a private investigator in time, or even by a well-directed lie detector test. Zsolt Bodnár and Dr. Béla Balla of Hori-Zone Security helped us to get to the bottom of the subject.

Selling your company – what not to leave to the eleventh hour

2 May 2022 Ágnes Bejó | 2 May 2022
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Ágnes Bejó

When the idea of selling the company matures in the mind of a business owner, there’s still a long way to go before the company can be successfully sold. There are many legal and tax matters to be seen to as part of the process – and these should not be left to the last minute. We discuss a few of these here.

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contracts, ESOP, M&A

Could we have even fewer taxes than we already do?

4 April 2022 Tamás Fehér | 4 April 2022
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Tamás Fehér

This is the seventh year that we’ve been taking stock of the types of taxes in Hungary – and the multi-year trend is decidedly reassuring. The number of taxes has decreased to some extent almost every year. This year we’ve counted 51 types of tax, and at this point one might reasonably ask: is it realistic to expect even fewer taxes?

Taxation of influencers: under the table or above board?

24 March 2022 Péter Barta | 24 March 2022
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Péter Barta

More and more people are earning money online as bloggers, vloggers or influencers. Through social media, you can reach millions with a well-targeted message, and this can result in a substantial income. These incomes are subject to tax – but it’s important to think about how to pay it.

Are holding companies really out of luck this time?

7 February 2022 Gergely Czoboly | 7 February 2022
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Gergely Czoboly

Holding companies and other so-called "letterbox companies", which mainly collect passive income without a real economic presence, have been in the crosshairs of the European Union for quite some time. The draft directive published by the European Commission on 22 December as a kind of Christmas present could complete this process.

Hungary’s Labor Code Unpacked: What Every Employer and Employee Should Know

3 February 2022 Dóra Ágnes Nagy | 3 February 2022
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Dóra Ágnes Nagy

Hungary offers a relatively flexible yet structured employment law framework that is attractive to international businesses and investors. At the same time, navigating Hungarian employment law requires a solid understanding of local rules, judicial practice, and regulatory expectations.

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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.