Terms and Conditions
Effective from: the date of publication.
This English version is provided for convenience. In the event of any discrepancy, the Hungarian-language Terms and Conditions shall prevail to the extent permitted by applicable law.
1. Service provider
GLOBAL ASSET MANAGEMENT Kft. (registered office: 6000 Kecskemét, Tinódi u. 14. 1. em. 3., Hungary; company registration number: 03-09-124149; tax number: 23828144-1-03; email: gto@globaltaxai.hu; phone: +36 20 669 0391; “Service Provider”).
2. Scope of the service
GlobalTaxAI is an electronically supplied financial decision-support service. The customer selects an application, pays the fee, provides the relevant annual-report PDFs and receives an electronic downloadable financial report.
Current applications include Financial Quick Diagnostic, Balance-Sheet Analysis, Company Valuation and the Complete Package.
3. Nature of the reports
Reports are decision-support analyses. They are not audit opinions, official expert reports, investment advice, bank credit decisions or commitments, legal advice, tax advice, or substitutes for full financial, legal, tax or commercial due diligence.
The Company Valuation is an indicative valuation based on the available financial statements and documented model assumptions. Actual transaction value may differ materially.
4. Order and contract formation
The customer selects the service, enters billing/contact information, accepts the Terms and Privacy Notice, and pays via Barion. The contract is concluded upon successful payment and electronic confirmation by the Service Provider.
The contractual language is Hungarian. Order and transaction data are recorded electronically. No separate paper contract is executed.
5. Prices
Prices displayed on the website represent the amount payable. The Service Provider operates under the Hungarian VAT exemption regime applicable to it and invoices accordingly. Future price changes do not affect orders already confirmed.
Coupons and discounts
The Service Provider may periodically offer coupon-code discounts. Coupon conditions, including the discount amount, validity period, eligible services, minimum order value and any redemption limit, may vary by campaign. One coupon may be used per order; coupons are not redeemable for cash and cannot be applied retrospectively after successful payment. Where a valid coupon is used, both the amount sent to Barion and the invoice total reflect the discounted amount.
6. Payment and invoicing
Card payments are processed by Barion Payment Zrt. The Service Provider does not receive full payment-card details. After successful payment, an electronic invoice is generated through Számlázz.hu and sent to the email address provided during checkout.
7. Performance
After payment confirmation, the customer receives order-specific access to the purchased application. The customer provides the relevant annual reports, reviews the extracted financial data and starts the analysis. The service is digital and no physical delivery is involved. After the required data have been approved and the analysis has been started, report processing is typically completed within a few minutes under normal conditions. This is an indicative average processing time and not a guaranteed completion deadline; actual processing time may depend on the number, length and quality of the uploaded documents, as well as the performance of the customer’s device and internet connection. In the event of a technical issue, the Service Provider will make reasonable efforts to resolve the issue or provide an alternative method of performance.
8. Customer responsibilities
The customer is responsible for providing accurate order information. GlobalTaxAI may be used to analyse the customer’s own company or a third-party company on the basis of lawfully accessible, publicly published annual accounts. No separate authorisation from the analysed company is required merely to analyse publicly available annual accounts.
Non-public, confidential or personal-data-containing documents may only be provided where the customer has an appropriate right and lawful basis to do so. The customer must review the extracted financial data before generating the report.
9. Access and permitted use
The purchased report may be used for the customer’s own business or investment decision-making, shared internally, and provided to the customer’s financier, adviser or transaction counterparty. The GlobalTaxAI application, source code, methodological structure and visual design may not be copied, reverse engineered or resold as a competing service without prior written permission.
10. Consumer withdrawal / termination rights
Where the customer qualifies as a consumer under applicable Hungarian law, distance-contract rules may provide a 14-day withdrawal/termination period.
If the consumer requests immediate performance before that period expires, checkout will contain a separate, unticked declaration requesting commencement of performance and acknowledging the legal consequences. For digital content not supplied on a tangible medium, the withdrawal right may be lost once the statutory conditions are met; for services, the statutory rules concerning commencement and full performance apply.
Model withdrawal / termination statement
Addressee: Global Asset Management Kft., 6000 Kecskemét, Tinódi u. 14. 1. em. 3., Hungary; gto@globaltaxai.hu.
I hereby give notice that I withdraw from / terminate my contract concerning the following service: [service], order/contract date: [date], consumer name: [name], address: [address], order ID: [ID], date, signature (only if submitted on paper).
11. Conformity and consumer remedies
For consumer contracts, the mandatory provisions of the Hungarian Civil Code, Government Decree 45/2014 (II. 26.) and Government Decree 373/2021 (VI. 30.) apply. The Service Provider undertakes to provide the digital service with the functionality described in the contract and product description.
12. Liability
Reports are produced from the processed financial data and model assumptions. The Service Provider does not guarantee any future business, financing, investment or transaction outcome. Customers should use the report as decision-support and seek individual professional advice where the decision requires it.
To the extent permitted by law, the Service Provider is not liable for indirect or consequential loss arising solely from reliance on the automated report without appropriate further verification.
13. Complaints
Complaints may be submitted to gto@globaltaxai.hu, by phone at +36 20 669 0391 or by post to the registered office. Written consumer complaints are handled within the applicable statutory deadline.
Consumers may also turn to a Hungarian conciliation body. The conciliation body competent by the Service Provider’s registered office is the Bács-Kiskun County Conciliation Board, 6000 Kecskemét, Árpád krt. 4.; email: bekeltetes@bacsbekeltetes.hu.
14. Data protection
Processing of personal data is governed by the separate Privacy Notice.
15. Governing law
Hungarian law applies, including in particular Act V of 2013 on the Civil Code, Act CVIII of 2001 on electronic commerce, Government Decree 45/2014 (II. 26.), Government Decree 373/2021 (VI. 30.) and applicable consumer-protection and data-protection legislation.