Starting with 1 July 2018, live reporting is mandatory for Hungarian VAT registered entities issuing invoices to another entity VAT registered in Hungary with an (output) VAT amount exceeding HUF 100,000 (approx. EUR 320). This also includes businesses established outside Hungary but registered for VAT in Hungary. The reporting to the Hungarian Tax Authority (HTA) has to be real-time, i.e. the 24-hours timeframe previously proposed was not implemented. Continue reading Hungary introduces live VAT invoice reporting as of July 2018
Category Archives: Steuern CEE
Romania adopts anti-avoidance measures
The Romanian government has adopted anti-avoidance measures to bring the domestic legislation in line with EU Directive 2016/1164 on rules against tax avoidance practices. The new measures will be effective as of 1 January 2018. Continue reading Romania adopts anti-avoidance measures
Poland limits tax deductions and introduces commercial property tax
Several tax deductions will be limited in Poland by a corporate income tax bill published in the official gazette on 27 November 2017. Continue reading Poland limits tax deductions and introduces commercial property tax
Latvia: Corporate income tax and value added tax amendments
In July 2017, the Latvian parliament adopted a new CIT Law and amendments to the VAT Law. The new rules will enter into force on 1 January 2018, whereby various transition rules will apply.
Continue reading Latvia: Corporate income tax and value added tax amendments
Slowakei: Steuerliche Neuerungen 2017
Nachdem Ungarn seinen Körperschaftsteuersatz dieses Jahr gesenkt hat (vgl unseren Beitrag vom 23.1.2017), zieht nun auch die Slowakei nach und reduziert den Körperschaft-steuersatz von 22% auf 21% für Wirtschaftsjahre, die ab dem 1.1.2017 beginnen. Darüber hinaus gibt es folgende weitere steuerliche Neuerungen in der Slowakei:
Tschechische Republik – Steuerpaket 2017
Anfang April 2017 hat das Abgeordnetenhaus ein neues Steuerpaket mit Änderungen für das Jahr 2017 verabschiedet. In diesem Beitrag finden Sie die wichtigsten Änderungen für Körperschaften. Die Gesetzesnovelle soll in den nächsten Monaten in Kraft treten.
Croatia: Tax Reform effective as of 1 January 2017
In December 2016, the Croatian parliament adopted a tax reform with amendments being effective as of 1 January 2017. Below, we have summarized the most important tax law changes.
Continue reading Croatia: Tax Reform effective as of 1 January 2017
2017 Corporate income tax rates in Hungary and Slovenia
Hungary reduced its corporate income tax rate to 9% as of 1 January 2017. The Slovenian corporate income tax rate was increased from 17% to 19% beginning with 1 January 2017.
Slovenia increases corporate income tax rate to 19% as of 1 January 2017
Short News Czech Republic Reverse-charge regime extended to supply of goods
The Czech VAT Act was amended as of 29 July 2016 with the introduction of the reverse-charge mechanism for certain supplies of goods. Additionally to the supply of services, the supply of goods to a taxpayer by a person, who is not established in the Czech Republic and not registered as VAT payer is subject to the reverse charge mechanism.
Continue reading Short News Czech Republic Reverse-charge regime extended to supply of goods
New Employer Obligations in Seconding Employees to Slovakia
On 18 June 2016, a new regulation became effective, which sets out obligations for foreign – i.e. host – employers seconding their employees to the territory of Slovakia either through temporary assignment to another employer or in order to provide services.
Continue reading New Employer Obligations in Seconding Employees to Slovakia
Hungary: Changes to transfer pricing legislation expected for 2017
The Hungarian Minister for National Economy submitted a draft bill which would modify the current tax legislation, including certain transfer pricing related amendments.
Continue reading Hungary: Changes to transfer pricing legislation expected for 2017
Hungary: A brief selection of proposed 2016 amendments
The Hungarian government proposed several tax amendments for the year 2016. The proposal is currently awaiting acceptance by the Hungarian Parliament. Below we have summarized selected changes. Further, the increase of the minimum share capital of limited liability companies will become effective in 2016.
Continue reading Hungary: A brief selection of proposed 2016 amendments
Baltikum: steuerliche Neuerungen ab 2015
Im Jahr 2015 gab es in den baltischen Staaten Estland, Lettland und Litauen steuerliche Neuregelungen betreffend die Einkommen-, Körperschaft-, Umsatz- und Immobiliensteuer, die nachfolgend im Überblick dargestellt werden. Continue reading Baltikum: steuerliche Neuerungen ab 2015
Poland: Real estate tax amendments
The Polish Ministry of Finance intends to modify the Polish Act on local taxes and charges with regard to definitions of a building and a construction. The planned amendments may significantly change real estate taxation principles in Poland, however the legislative process is currently on the initial stage and the final wording of the amendments cannot be determined. Continue reading Poland: Real estate tax amendments
Ungarn: neue Regelungen für Verlustverwertung ab 2015
Gemäß bisherigem ungarischem Körperschaftsteuerecht konnten Verluste aus Vorjahren maximal iHv 50% mit laufenden Gewinnen verrechnet werden. In der Vergangenheit gab es – wie auch gegenwärtig in Österreich – keine zeitliche Begrenzung der Vortragsfähigkeit von Vorjahresverlusten. Es konnten daher alle Verluste, die in den vergangenen Jahren entstanden sind und noch nicht verwerten werden konnten, vorgetragen werden. Continue reading Ungarn: neue Regelungen für Verlustverwertung ab 2015
Albanien: Neue Verrechnungspreisbestimmungen
Im Juni 2014 wurde das albanische Einkommensteuergesetz um neue Verrechnungspreisbestimmungen erweitert. Davor war im Einkommensteuergesetz nur ein kurzer Paragraph mit der Überschrift „Verrechnungspreise“ enthalten, welcher der Finanzverwaltung ansatzweise das Recht einräumte, die zwischen abhängigen Parteien verhandelten Preise, nach Maßgabe des „Fremdvergleichsprinzips“ neu festzulegen. Aufgrund ihres zu allgemeinen Charakters fand diese Bestimmung in der Praxis kaum Anwendung. Continue reading Albanien: Neue Verrechnungspreisbestimmungen
Poland: Introduction of CFC Regulations
On 17 September 2014 the bill on the amendment of the corporate income tax act was signed by the President of the Republic of Poland and was promulgated on 3 October 2014. The bill includes in particular changes specifically designed to tax the income generated by controlled foreign corporations (CFC) at the level of the Polish taxpayer owning the foreign subsidiary. Continue reading Poland: Introduction of CFC Regulations
Czech Republic: Tax Authorities Seek Full Disclosure of Related-Party Transactions Details
New initiatives that are currently ongoing at both international level and national level confirm that transfer pricing is one of the most important areas with regard to tax risks of multinational corporations. Continue reading Czech Republic: Tax Authorities Seek Full Disclosure of Related-Party Transactions Details
Poland – compulsory electronic tax filing starting 2015
The Polish Ministry of Finance has published a draft law amending the Personal Income Tax Act and some other laws. The new rules are also intended for the corporate income tax payers. The new law should come into effect from 1 January 2015, subject to final government discussions this September. The draft law provides that effective from the beginning of next year, taxpayers will have to use electronic communication for most of their tax filings, including submission of tax returns and other information. Continue reading Poland – compulsory electronic tax filing starting 2015