Business News from Hungary by Peterka & Partners
Increase in administrative fines for traffic
The administrative fines to be imposed for infringements of the provisions on traffic offenses and of certain provisions relating to the type approval of road vehicles increased by 30% on 1 September 2023. This rise may be due to more than just inflation, given that the inflation rate in August was only 16.4%, according to data published on the Hungarian Central Statistical Office website. Perhaps we are witnesses to a stricter legal policy, with the aim of reducing the number of traffic infringements.
Change in payment order procedure
From October, payment orders will arrive at the company’s gateway for those obliged to use electronic communication with the authorities. Although the payment order procedure has been simplified in Hungary, from 1 October 2023, those who are obliged to use electronic communication with the authorities should pay special attention to the fact that from now on they will receive the issued payment order and the documents related to the procedure not by post, but through the company’s gateway.
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