Real estate and construction
A new period starts from the middle of 2018, regarding to the relationship between entrepreneurs and tax authorities. The online system, which provides real-time data transmission of invoices, was originally scheduled to be implemented as of 1 July 2017, and is expected to be in operation this July 1, 2018.
Before acquiring a land or a building in the Czech Republic, Hungary, Poland, Romania or Slovakia, we recommend going through our comparison “Overview of real estate transactions in 5 CEE countries” (DOWNLOAD PDF) and discuss with one of our advisers in detail the specifics of your transaction.
Download PDF! One of the most important change in the Polish VAT Regulation which came into force on January 1st 2017, is the application of reverse charge mechanism to construction services. The condition for the application of the “reverse charge” is that the service provider shall be a payer of tax on goods
Did you receive any income higher than CZK 5 million, which is exempt from personal income tax in 2016? In that case you should be aware of the reporting obligation, which has arisen to you towards the tax authority. All individual taxpayers are required to report every income higher than 5 000 000 CZK, which is exempt
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 ones below: 1. Corporate Income Tax – 9% The currently valid 10/19% of corporate income tax will be reduced to a flat rate of 9% from 2017.
Download PDF! In the last years, mainly because the short-term rental and property rental are becoming more popular year by year, the real estate market in Hungary is started to continuously uplift. As it didn’t change this year neither, it might be important to discuss every expense and obligation about real estate sale
Download PDF! 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
Download PDF! In our recent issue of News Flash, we have informed you about changes introduced in the area of VAT as of 1 January 2016. One of the most important changes is an introduction of so-called reverse-charge in provision of construction works. Reverse-charge mechanism Taking effect in 1 January 2016 a taxpayer
Download PDF! In our current newsletter we would like to inform you about the most important taxation questions when it comes to property investment in Hungary. We hope by showing the opportunities and obligations within these rules, we can help you make a wiser and more well-informed decision about your next property investment. Corporate
Download News Flash! Economic activity conducted by entrepreneur from one country on the territory of other country often causes doubts concerning settlement of tax. In this area the double taxation avoidance agreements have a material impact. In typical agreements concluded by Poland, the concept of permanent establishment is defined. Permanent establishment should be understood as
Download PDF Recently, fiscal changes have been brought to the tax on construction applicable percentage (a tax introduced at the beginning of 2014 – for more details regarding the initial fiscal provisions, please refer to our tax alert from 2014). In the light of present legislative changes, starting with the year 2015,
Download PDF Starting from January 1, 2015 Ukraine imposes tax on property. The maximum property tax rate for 1 m2 of total area of residential and non-residential property for natural and legal entities established in the amount not exceeding 2% of the minimum wage per year that is as of 01.01.2015 equals to UAH