After 2015 January 1st, a new VAT regulation entered into force about the distance selling and as under distance selling shall be understood the electronically supplied services, which category contains the distributors of mobile applications; we must review this regulation to clear the taxation about this topic.
As one of the main measures to detect and prevent tax evasions, so-called VAT Control Statement was introduced in Slovakia since January 1, 2014. The VAT control statement has to be submitted by VAT payer for every taxable period (i.e. calendar month or quarter) for which he/she is obliged to submit VAT tax return. In this connection, we would like to inform you that the new form of VAT Control Statement is effective as of April 1st, 2016.
We would like to inform you Order nr 1105 / 2016 has been published regarding the amendment of Order Nr. 3769/2015 regarding the informative return 394 (report of the domestic supplies and acquisitions of goods and services carried out by Romanian VAT payers) (Official Gazette no 242 / 1.04.2016).
As the real estate market continues to boom, details about taxation of this industry can be a very interesting topic and may affect many of us. It would be useful to know what type of possibilities and conditions of taxation are in Hungary in connection with the income gained from let of properties. Our following summary will show the most important rules on property rental.
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The transfer pricing rules regulate the prices charged in the intercompany transactions. The main goal is to maintain the arm´s length principle. Pursuant to the Slovak regulation, every related parties obliged to prove the method applied for setting the prices of controlled transactions between related parties and to keep a relevant documentation about this method.
In Hungary there are several types of favorable taxation options for small companies, so we’re going to discuss these in this current newsletter, to clarify whom and within what conditions is worth to choose them.
A new act on consumer loans brings other changes in the area of consumer rights. Among other things it tightens the existing conditions and introduces a mandatory license for non-bank providers of consumer loans.
Since for the year 2016, the current amount of the minimum wages changed in Hungary, it is very useful for companies to review the current wages, different types and other conditions of employment in Hungary. Here, we briefly discuss and clarify these items and point out the important things you should be aware of when it comes to employment.