In August of this year, we informed you in our News Flash about the obligation of mandatory activation of electronic mailboxes for legal entities and registered branches in Slovakia. In this connection we would like to inform you that the transition period was extended to July 2017.
In October 2016, we informed you in our News Flashabout various tax changes proposed by Slovak government that should be effective as of 1.1.2017. Please note that all the mentioned changes were approved by National Council of the Slovak Republic, and this including cancelation of so-called tax licenses as of 2018.
The news is true – 9% Hungarian corporate tax, and others! On 12 December the parliament passes the 3rd bill of tax changes for 2017. The bill modifies 21 taxes, out of which we detail the most important 6 ones.
This law brings a simplification of the conclusion of foreign trade agreements, as well as financial statements for exported services and abolishes exchange controls for operations with exports of services.
At year-end, companies should examine whether they are liable to tax-advance supplement obligation (also known as top-up liability). The deadline for fulfilling the obligation is 20 December, so it is worth now to ensure the proper preparation of related calculation.
In our current newsletter, we summarized which taxes are affected by tax-advance supplement obligation and collected the most important rules related to the top-up.
Verkhovna Rada of Ukraine adopted the law about the moratorium for the government planned inspections of SMEs to 30.06.2017, namely the law "On peculiarities of State Supervision (Control) of economic activity” №3153.
We would like to inform you about the change of meal allowances in Slovakia effective as of 1 December 2016. This change will apply on the value of the meal vouchers as well as on the value of meal allowances provided during the business trip.
During the meeting with representatives of the Ukrainian Council of Churches and Religious Organizations, the president signed the Law "On Amendments to the Tax Code of Ukraine concerning the clarification of certain provisions of the taxation of non-profit organizations."
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: