Mazars Hungary Tax Newsletter No. 06/2010

On 1 May 2010 an EU regulation adopted almost 40 years ago and amended many times since was replaced by a new regulation that meets present-day requirements when Regulation 1408/71/EEC was superseded by Regulation 883/04/EC (hereinafter: the Regulation). This was necessitated by the fact that the old rules under the old regulation, designed for 6 member states, did not follow the changes that took place over the course of the almost four decades since its original adoption. In the present issue of our newsletter, we call attention to the most important changes.