The obligation to adjust the deducted VAT arises to taxable person in respect of capital goods acquired or their self-generation at own expense if he changes the purpose of their use. A change in the purpose of use of investment property is also the leasing of real estate with exemption from tax.
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Main statements and payments due in August 2019
The 8th month of 2019 brings no exceptions when it comes to local tax deadlines, which every business should take seriously in order to be compliant with the local legislation and avoid penalties in the Czech Republic, Hungary, Romania and Slovakia. To have every important date at a hand's reach, we summarized them below, but
Separate office waste collection with the help of “Recicleta” program in Romania | CSR
At the core of the corporate social responsibility campaigns that we run both locally and globally, lies the Triple P bottom line (People, Planet & Profits) strategy, which focuses on measuring the impact of our activities on people's lives and on the planet, besides financial results. In addition to the annual local actions made in collaboration
The Office Gallery project expanding to Accace Romania
The goal of the “Office Gallery“ project in Romania is to bring art closer to people, to their natural environment. Individual exhibitions are changed regularly so that colleagues, clients and visitors have the opportunity to admire a wide range of artworks by local artists.
Commission in the form of conditional instalments from the VAT perspective | News Flash
We would like to inform you about the case concerning the VAT payable on the agency business services with the conditional commission instalments that was recently decided by the European Court of Justice (ECJ).
Can white-collar workers be provided with protective glasses in Hungary? | News Flash
Glasses for office workers are controlled by the Decree No. 50 of 1999 (November 3) of the Minister/Secretary of Health, which states that workers who use a display device regularly for at least 4 hours a day from their working hours, shall be entitled to the usage of glasses while being in front of the screen.
TAX updates in Hungary as of July 1, 2019 | News Flash
In Hungary, the bill T/6351 („Summer Tax Package”) – including many modifications – is still under negotiation, but since July 1, 2019, changes have already taken place as a result of previous regulations.
Royalties according to law on copyright from the VAT point of view | News Flash
Recently, the European Court of Justice discussed a VAT regime in relation to the royalty payable to an author of an original work of art on the basis of the resale right. When making their decision, the judges referred to the earlier judgment relating to fees on blank media and recording as well as reproduction devices paid by producers and importers.
Advance Pricing Agreements – characteristics in Central and Eastern Europe | Infographic
An Advance Pricing Agreement (APA) is an essential document that ensures the proper future implementation of the Transfer Pricing conditions. Our infographic “Advance pricing agreements” is a sum-up of characteristics of APA in Czech Republic, Hungary, Poland, Romania and Slovakia. Availability and validity Czech Republic Maximum initial duration*Possibility of extension if legal conditions remain unchanged Hungary
It is important to stop and help others once in a while | Interview
Every summer, 150 young volunteers gather in the villages and towns of the Czech border region to help local inhabitants. They put their hands to work in the barns, houses and gardens. In their leisure, without any financial reward. One of the volunteers is Kristýna Špaňhelová from the Czech payroll Accace team. Her enthusiasm is
Main statements and payments due in July 2019
To avoid penalties, fulfilling the local deadlines and legislation is fundamental. Therefore, we would like to bring your attention to the most important tax-related dates for July, 2019, in the Czech Republic, Hungary, Romania and Slovakia. If you prefer a more compact format, download our 2019 Tax Calendar as a Month-by-Month Calendar from here. If
Ultimate beneficial owners in Slovakia | Briefly with Accace [video]
As of 1 November, 2018, legal entities registered in the Slovak Commercial Register, which are not public authorities or issuers of securities admitted for trading on regulated market, are required to register in non-public part of the relevant Commercial Register information regarding their ultimate beneficial owners (“UBOs”).
New rates of sickness insurance as of 1 July 2019 in the Czech Republic | News Flash
From July 2019, the first three days of sick leave will be reimbursed again in the Czech Republic. What impacts will have the abolition of the so-called “waiting period” on employers?
Criminal liability of legal persons in the Czech Republic – part 1 | News Flash
Can the risk of company criminal liability be reduced? And what is a compliance program, is it suitable for my business? Learn more in our article.
Sale and lease back transactions in terms of VAT | News Flash
We would like to briefly outline the recent case of the European Court of Justice (ECJ), which dealt with the sale and lease back of capital goods in terms of VAT. The ECJ dealt in the Case C-201/18 Mydibel SA with a question, whether there are from the VAT point of view two separate transactions or a single transaction, a financial transaction.
