Approaching the end of the year, a period associated among other things with the annual tax settlement . Employers should now consider if it is possible to prepare the annual tax reconciliation for their employees or there arises an obligation to file the tax return for some employees.
Our previous newsletters included the rules of preparing transfer pricing documentation in general. This week, as part of the series for Transfer Pricing in Hungary newsletters and guidelines, we will focus on the stand-alone transfer pricing documentation.
The purpose of our current newsletter series is to present the main transfer pricing rules and the requirements of preparing transfer pricing documentation. This week we would like to show the cases when the company has no transfer pricing documentation preparing liability. Furthermore, we would like to present the types of the documentation accepted by the Hungarian regulation.
On October 1, 2015 the amendment to the act on value added tax was approved by National Council of the Slovak Republic. The new-introduced changes will be valid as of 1.1.2016. Read our overview of the most significant changes you should be aware if doing business in Slovakia.
As the Hungarian tax authority had a continuously growing focus on transfer pricing issues in the last years, in our "Transfer Pricing Guide for Hungary" following during the next weeks we will present the main transfer pricing rules and the requirements of preparing transfer pricing documentation so that you can easier meet the exceptions of the legislator and the tax authority.
On September 22, 2015 the amendment to the income tax act was approved by National Council of the Slovak Republic. The amendment shall be approved by the President of the Slovak Republic and will enter into force after its publication in the Collection of Laws of the Slovak Republic. The new-introduced changes shall be valid as of 1.1.2016. Read our overview of the most significant changes you should be aware if doing business in Slovakia.
A new requirement will be introduced from 1st January 2016 related to the functions of invoicing programs, which are determined by the regulation of the Ministry of National Economy 23/2014 (VI. 30.) on identification of invoices and receipts and the tax official control of electronically preserved invoices. According to the new requirement, the invoicing programs used by taxpayers have to include a new mandatory data export function. We would like to present related instructions in our present newsletter.
We would like to inform you that the amendment to the Tax Administrative Code was approved in September 2015 by the National Council of the Slovak Republic. The main aim of the amendment is to encourage entrepreneurs to fulfill their tax obligations in more proper and timely manner. Read the overview of the most important changes that come into force on January 1,2016.