Some 160,000 firms miss deadline for new admin rules

Competition

About 160,000 Hungarian companies have still not complied with new administrative requirements a month after the deadline, daily Magyar Nemzet said on Saturday. Companies established before March of last year had until February 1 to submit documentation on their bases of operation as well as the personal data of individuals listed in their company charters. Companies that fail to do so face fines in the hundreds of thousands of forints.

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