In May 2018 a new regulation will take effect: after four years of negotiation, the old regulations from 1995(!) will be replaced by a much more complex one. I think it is clear that in the last 20 years the importance of data protection has become part of our everyday life. Just think about Google, Facebook, online buying and selling, loyalty cards, PayPass, mobile applications etc.
The new regulation defines a new approach to how to handle personal data. GDPR applies to everybody and every organisation who handles and processes personal data. It might require serious preparations and a lot of work during the coming months to properly compile with it. How does it influence your business operation?
You can find some simple general description and guidelines here.
#accountinginhungary #gdpr #businessinhungary