ILN Today Post
September 7, 2016
By Jalsovszky of Jalsovszky Law Firm
In order to bring Hungarian tax law in line with OECD’s recommendations delivered in “Action 5” of the “BEPS-package”, Hungary’s special tax regime on intellectual properties has been amended as of 1 July.
The revised, “BEPS-proof” rules provide a flexible framework for building up IP structures in Hungary. With appropriate planning, both the development, the acquisition and the utilisation of intellectual property rights can be carried out at the level of a Hungarian company with zero or minimum tax burden. Furthermore, the resulting profit can be repatriated tax neutrally. Therefore, it is foreseen that Hungary will keep its importance in the future as a centre of international IP investment and distribution structures.
ILN Today Post
February 5, 2016
India has become the fastest growing Start-Up base worldwide and stands third in the global Start-Ups ecosystem as per NASSCOM Start-Up Ecosystem Report 2015. With more Start-Up ventures taking shape, the ecosystem for establishing a successful a Start-Up is not only competitive but also tough to survive. In this scenario, novelty and innovation plays a pivotal role in attracting potential clients and investors. Inventions and creativity generates valuable intellectual property such as symbols, designs, content, marks, patents and images which can be protected under various legislations inter alia, Indian Copyright Act, 1957, Trade Mark Act, 1999, The Patents Act, 1970 and Designs Act, 2000. Consequently, proper implementation and enforcement of IP rights by a Start-Up is imperative. IP protection not only provides security against third-party infringements but also enhances the valuation and attractiveness of a Start-Up to investors.