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Hungary – Money Related Changes

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Construction inspection fines have been amended significantly 

After three years, the regulations on the construction inspection fines had been conceptually amended again as of June and July 2016.

Although the amount of several construction inspection fines has been decreased, the new regulations led to significant changes in the fine in connection with the relationship of the general contractor and the subcontractor. In addition, the client shall also be subject to construction inspection fine for various unlawful activities during the construction works, for example, if the contractor refuses an unlawful instruction given by the client, provided that such statement of refusal is recorded in the construction log-book. In addition, from the beginning of July 2016, the design foreman can also be fined by the authority.

Changes in the regulation of the online cash registers

Following the significant changes as of 2 April 2016 concerning the regulation of the online cash registers, the next date to be followed is 30 September 2016.

The aim of the Hungarian Government with the introduction of the online cash registers was to fight against the black economy distorting the Hungarian market. As to the next steps, service providers who more likely hide their revenue will be obliged to use online cash register to meet the receipt issuing obligations. This new scope of obligors includes service providers that are pursuing activities such as vehicle, motor bicycle repair and maintenance, motor bicycle accessory retailing, catering, accommodation, rental and laundry service providers, discotheque operators as well as fitness centres and plastic surgeons. 

The above scope will be further expanded as of 1 January 2017, when taxi drivers and currency exchange service providers will also be obliged to use the online cash register.

By Eszter Kamocsay-Berta, Partner, KCG Partners Law Firm

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