The Authorities may impose fines if you do not review your GDPR documentation every three years!

• 2022 July 01

The mandatory 3-year review is provided for by the Info Act (Act CXII. of 2011), according to which - unless other legislation specifies a different period - the controller shall review at least every three years from the start of processing, whether the processing of personal data is necessary for the purposes of the data management - points out Dr. Roland Zsidi, senior lawyer at ICT LEGAL, Dr. Termel Law Office.

If you see these signs, it is worth switching accountants - interview with András Csősz

• 2022 June 23

He leads an eight-person sales and marketing team and has more than 10 years of professional and sales management experience in confidential services such as accounting, payroll and business consulting. He joined the ICT Europe team when there was not a single client, and today the company books more than 250 companies and group businesses. We interviewed András Csősz, sales manager and consultant at ICT Europe, about his experience with accountancy changes and the challenges and difficulties he sees in this area.

Introducing extra profit taxes

• 2022 June 10

The Government Decree No. 197/2022 (VI.4) regulating the extra profit tax (hereinafter referred to as the Extra Profit Decree) was published in the Hungarian Gazette No. 93 of 2022. The provisions of the regulation - except for the rules on the determination of the specific value of mining, mineral raw materials and geometric energy - will enter into force on 1 July 2022. The tax liability mainly concerns the tax years 2022 and 2023. The tax expert team of ICT Business Advisory summarises the most important rules and changes below.

Interview: cooperation agreement signed between ICT Europe Group and the Hungarian Road Haulage Association

• 2022 May 31

In business, collaboration between businesses and organizations offers a wealth of resources that can help both parties increase their competitiveness and success. This is why the signing of this cooperation agreement is a promising step for the Hungarian Road Haulage Association and ICT Europe, a group of companies providing accounting, bookkeeping, tax and legal services.
We ask István Gál, Managing Director of MKFE Szolgáltató Kft. and Gábor Gulyás, Head of ICT Europa Group, about their ideas for the agreement.

Forbes Interviewed our CEO, György Lovász

• 2022 May 30

He built up a group of companies in Hungary with a turnover of more than a billion forints, mainly tax consultancy, accounting and bookkeeping, and then moved to the United States to run the US branch of the company. György Lovász, one of the founders and CEO of the ICT Europe Group, has received little press coverage over the past decade. Now reporting from Connecticut, we spoke to him online about why he moved his family overseas, how he envisages the company's future at the home of big accounting firms and what activities he wouldn't recommend for someone entering the US market.