05 May 2016

Hungarian Government submits proposal for new IP regime

The Hungarian Government submitted a draft bill to the Parliament on May 3. Among other amendments, the bill sets forth significant changes to the current Hungarian intellectual property (IP) regime. The amendments are still not final as the Parliament needs to approve the proposal, however, it is expected that the bill may be passed quickly considering the timeline driven by the Organisation for Economic Co-operation and Development (OECD).

A Tax Alert prepared by Ernst & Young Hungary, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-0806

Document ID: 2016-0806