Business News from Hungary by Peterka & Partners
Newly introduced EPR system in Hungary
Government Decree 80/2023 (III.14.) introduced the extended producer responsibility system in Hungary from 1 July 2023 in order to meet EU waste collection targets. Producers (first domestic distributors) of circular products will be able to choose between collective and individual performance.
Registration of foreign financial and investment service providers
Government Decree 197/2022 (VI.4.) expands the scope of financial and investment service providers who shall pay the financial transaction tax in Hungary from 1 August 2023. From such date, providers having residency or a seat abroad or providing cross-border services are also obliged to pay the transaction tax.”
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