The taxation of capital income from the USA was not left unscathed by the US Treasury Department’s announcement on 8 July 2022 terminating its 1979 double tax treaty with Hungary...

Overnight on 31 May, a government decree was published in the Hungarian Gazette imposing a 13% social contribution tax on income from private savings, on top of the current 15% per...

On 26 October 2020 the Romanian Government published Government Emergency Ordinance no. 181/2020 in Official Gazette no. 988. The ordinance, which entered into force on the day of ...

The coronavirus pandemic is undermining many Hungarian businesses, even making it impossible for them to operate. Many entities are being forced to partly or fully suspend their ac...