2018-09-14 | Data Protection
In the past months, one of the most relevant news and legal topic has been that of data processing. And alas the regulation of data processing in Hungary has arrived to a new milestone on July 17th 2018, when the Hungarian Parliament adopted an amendment of Act 113 of...
In our increasingly data-driven world, there is an increasing urgency to create more consistent regulations. Emphasis is placed on the decentralization of the already centralized data market, and the exact purpose for which the data is used is not a side issue.
The Hungarian government is planning to lower most of the tax burdens as a means of restarting the economy after the devastating effects of the corona virus. Part of the planned changes in taxation includes lowering the tax on incomes after cryptocurrency related activities. The new laws have not yet been accepted by Parliament, based on the current goals of the government however we can expect a welcome change in the taxation of crypto assets. We have summarized the most important expected changes below.