We would like to draw your attention to the most important changes in transfer pricing effective as of 2017 in Slovakia, that were introduced by the amendment to the Income Tax Act. The most crutial changes are related to stricter penalties for breach of the arm ́s length principle, to the new definition of the terms “controlled transaction“ and “related party” as well as to the new fees for Advance Pricing Agreement (APA).
The EU legislation regarding Data Protection was modified in May 2016 and the Regulation 2016/679 regarding the protection of natural persons with regard to the processing of personal data and free movement of such data will be directly applicable in all EU countries starting with May 25th 2018.
According to the amendments the Parliament accepted late last year, from the 18th of January, Hungary modified the regulations affecting the rules of the offshore companies owned by domestic individuals and their incomes originating from offshore companies and respectively put in place the rules of the new Hungarian tax amnesty. Join us in our fresh article where we are going to try to discuss all the important details of the currently in-place tax legislation.
Each year, more and more people are interested in the rules and regulations affecting company cars and whereas last year’s tax packages affected this field and from the 1st of January they also came into force, we felt that we should present a comprehensive synopsis about this topic. In our current article, besides the current changes, we are going to cover every important detail about company cars, to answer every question that might arise.
Download our 2017 Guidelines for details about the statutory framework and local entrepreneurial environment in the Czech Republic, Hungary, Poland, Romania, Slovakia and Ukraine! We have prepared for each country: