Mazars Hungary Tax Newsletter No. 3/2012

In this Newsletter, we summerize the most essential modifications defined in the Act LXXXV of 2011 on Environmentel Protection Product Charge that (hereinafter: the 'Act') that became operative as of January 1, 2012, including the changing liabilities pertaining to packaging, the cessation of scope of duties of recycling coordinators along with the cessation of the possibility of exemption, and the applicable reporting obligations of both former and new taxpayers to be fulfilled till 15 of January or 20 of April.

All modifications that pertain to general taxpayers are effective as of January 1, 2012.