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.
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„Whitelist“ of VAT taxpayers in Poland | News Flash
Download PDF On 12 April 2019 polish parliament passed a law introducing changes in tax provisions. The most important changes are concerned with establishing a new VAT taxpayer register, the so called “whitelist of VAT taxpayers”. New taxpayer’s register The new taxpayer’s register will be launched on 01.01.2019; It will contain basic information about VAT
Main statements and payments due in June 2019
Keeping tax deadlines in mind is fundamental when doing business in the Czech Republic, Hungary, Romania and Slovakia. We summarized the most important dates for June 2019, but You can also easily download our 2019 Tax Calendar as a Month-by-Month Calendar from here. Subscribe to our newsletter if you wish to stay updated on the
New withholding tax rules in Poland | News Flash
Download PDF One of the most important tax changes, that entrepreneurs running a business in Poland will face soon, are new rules on withholding tax (WHT). Changes proposed by the Ministry of Finance refer primarily to entities making cross-border payments, but also national payments of dividends and participation in profits of legal persons. Tax remitter
Approval of financial statements in Czech Republic | News Flash
The companies have a statutory obligation to submit for approval their financial statements of the previous accounting period. Then the approved financial statements shall be submitted to the Collection of Deeds. What is the threat of a fine for non-compliance?
Content of the child-raising allowance file in Romania | News Flash
The child-raising allowance and the state allowance in Romania are granted only at the written request of the entitled person and may be requested by a single application, the way of submitting the documents being thus simplified.
Judgement of the European Court of Justice concerning tax point changes in VAT for construction services | News Flash
The EU Court of Justice has no doubt that the tax point arises at the time of signing the acceptance report, if it is agreed by the parties in the contract for the execution of construction works (Judgment of the ECJ of May 2, 2019, C-224/18). The verdict may be the legal basis for the
Main statements and payments due in May 2019
If you are conducting business in the Czech Republic, Hungary, Romania and Slovakia, take a look on our monthly summary of the most important tax deadlines for May 2019. You can also easily download our 2019 Tax Calendar as a Month-by-Month Calendar from here, to stay up to date. If you wish to be notified
New reporting obligation in the Czech Republic | News Flash
On April 1, 2019, an amendment to the Czech Income Taxes Act came into effect. This amendment imposes a new reporting obligation of taxpayers. Who does the obligation apply to?
Main statements and payments due in April 2019
We would like to bring your attention to the most important deadlines related to taxation in the Czech Republic, Hungary, Romania and Slovakia. Download our 2019 Tax Calendar as a Month-by-Month Calendar in a more convenient format from here, to have all the important dates at a hand's reach. If you want to receive notifications
Prepare for a new withholding tax obligation in Poland | News Flash
Withholding tax payers are tax non-residents, therefore Polish companies act as the payer of the respective tax and have to control the amount of payments made to a foreign contractor. From July 2019, according to the new tax obligations, the payers (Polish companies) will be required to collect the withholding tax in full amount (from
Audit Obligation in Hungary | News Flash
Download PDF As the annual closures approach, it is smart checking some highlighted areas again. One of these checkpoints is the audit obligation. There are several statutory requirements for audit obligation, but primarily the provisions of the Accounting Act must be taken into account. The law obliges all companies to audit, but waives this obligation
Main statements and payments due in March 2019
If you are running a business in the Czech Republic, Hungary, Romania and Slovakia, we highly recommend paying attention to the most important tax-related deadlines you need before starting any tax-filing this month. Our 2019 Tax Calendar can also be downloaded as a Month-by-Month Calendar in a more convenient format from here. Stay updated on tax-related matters
The seniority statement – a mandatory document for Romanian employees | News Flash
The seniority statement is a document attesting the length of service and may be issued either by the current employer or by the former employer, upon request.
VAT Exchange rate differences in Hungary | News Flash
Download PDF The VAT exchange rate may be different in the matter of taxation and accounting. The reason is that it is not necessary to synchronize the applied exchange rates, but the legal requirements must be followed; the exchange rate of the Tax Law must be used in taxation, while the exchange rate of the
