Legal newsletter 2016/1 - Rules of Taxation

Among other acts, the Act LXVI of 2016 on the modification of ‘specific tax regulations and related laws’ and Act CXXII of 2010 on the National Tax and Customs Administration approved on June 7, 2016 has amended specific rules laid down the Act XCII of 2003 on the Rules of Taxation. From these amendments, we only highlight the changes regarding the collection of tax debts and payments. These now narrow the possibility that persons accumulating huge tax debts dodge responsibility by transferring their shares.