Manufacturing

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Recent Articles

  •  
    06/02/2025
    Belgium

    From tax reform to the quicksands of Arizona

    NL FR
    1. The topics addressed by the coalition agreementAfter eight months of negotiations, Belgium’s new federal government, known as the Arizona coalition, has been established and has reached an agreement on numerous issues including tax reform.The following article summarises the tax proposals of the new coalition government in Belgium:2.  Companies2.1. Dividend received deduction The tax regime of “Dividend received deduction” (arising from the transposition into Belgian law of the regime provided for in the European Parent-Subsidiary Directive) aims, under certain...
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  •  
    06/02/2025
    Hungary

    Hungary issues decrees on cybersecurity audit and annual supervision fee

    On 31 January 2025, Hungary published two highly anticipated cybersecurity decrees under the Hungarian Cybersecurity Act, which transposes the NIS2 Directive. The decrees include SZTFH Decree 1/2025 (I. 31.), which contains the procedures for conducting a cybersecurity audit and the maximum fee for a cybersecurity audit; and SZTFH Decree 2/2025 (I. 31.), which details the amount and payment of the yearly cybersecurity supervision fee.Scope of cybersecurity auditsSZTFH Decree 1/2025 (I. 31.) lays down detailed rules on audit methodology, related examination methods, and the criteria for evaluating...
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  •  
    05/02/2025
    Hungary

    Hungarian ruling could make credit institutions increasingly liable for AML breaches

    A recent landmark judgment by the Metropolitan Court of Appeal may represent a pivotal shift in the tort liability of credit institutions stemming from violations of anti-money laundering (AML) regulations. According to the court, if a financial institution fails to suspend a suspicious transaction in violation of AML rules and executes a transaction involving funds originating from a criminal act, the financial institution may bear tort liability vis-à-vis the original victim of the fraud.The following article provides a detailed overview of this appellate court decision, and the implications...
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  •  
    24/01/2025
    Europe

    Significant change ahead for packaging on the EU market

    IntroductionOn 22 January 2025, the EU Packaging and Packaging Waste Regulation (“PPWR”)[1] was published in the Official Journal of the EU. The PPWR will enter into force on 11 February 2025 and its general date of application is 12 August 2026 (although longer transitional provisions apply to certain requirements).The PPWR will repeal and replace the current Packaging and Packaging Waste Directive (“PPWD”)[2].Background The PPWR will establish a harmonised legal framework for packaging with the aim of avoiding obstacles to trade and distortion of competition within...
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  •  
    22/01/2025
    Hungary

    Hungary introduces new comprehensive laws for NIS2 transposition

    On 20 December 2024, the Hungarian Parliament adopted Act LXIX of 2024 on Cybersecurity in Hungary ("Cybersecurity Act"), which repealed the  partial NIS2 transposition Act XXIII of 2023 on Cybersecurity Certification and Cybersecurity Supervision. The new Cybersecurity Act, which went into effect on 1 January 2025, and Government Decree 418/2024 (XII. 23.) on the implementation of Hungary’s Cybersecurity Act transposes the EU’s NIS2 Directive, introduces additional network and information security requirements and establishes related supervisory and procedural rules.What entities...
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  •  
    21/01/2025
    Hungary

    Hungary makes changes to employment and guest worker residence permits

    The Hungarian government issued Government Decree 450/2024 (XII. 23.) on the employment of guest workers in Hungary, which amends the detailed rules on the issuance of certain residence permits set out in Act XC of 2023 on the General Rules for the Admission and Right of Residence of Third-Country Nationals. In addition, the Minister for National Economy issued Decree NGM 51/2024 (XII. 23.) on the total number of residence permits for employment purposes and guest worker residence permits that can be issued annually in Hungary.These Decrees, which entered into force on 1 January 2025, include the...
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