Useful informations
Economic companies operating in Hungary are required to comply with the following laws and regulatory provisions that define the economic and legal environment.
Legal background
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Act C of 2000 on Accounting:This act regulates the operation of accounting systems and the principles for preparing financial statements.
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Act LXXV of 2007 on the Chamber of Hungarian Auditors, the Activities of Auditors, and on the Public Oversight of Auditors:This act ensures the regulation and supervision of the auditing profession.
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Act V of 2013 on the Civil Code:The Civil Code contains the fundamental rules of private law relations.
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Act V of 2006 on Public Company Information, Company Registration and Winding-up Proceedings:This act defines the rules for company registration and company proceedings.
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Act XLIX of 1991 on Bankruptcy Proceedings and Liquidation Proceedings:This act contains the rules for bankruptcy and liquidation proceedings.
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Act LIII of 2017 on the Prevention and Combating of Money Laundering and Terrorist Financing:This act sets out the rules for combating money laundering and terrorist financing.
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Act C of 2012 on the Criminal Code:The Criminal Code contains the rules of criminal law.