New law on CbC Reporting in Russia

On 27 November 2017 the country’s parliament adopted a new law on transfer pricing issues in Russia in connection with the implementation of international exchange of information and documentation on international groups of companies. It took effect on the day of its...

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Registration of beneficial owners of Czech companies

An amendment to the Czech Public Registers Act entered into force on 1 January 2018. The amendment will require the ultimate beneficial owners of Czech companies to be identified.  All legal entities entered in public registers, in particular...

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Management of personal data prior to employment

The General Data Protection Regulation (GDPR) of the EU shall be mandatory and directly applicable in all Member States, including Hungary, from 25 May 2018. In light of this it is crucial for data managers and processors to review the legal framework of...

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Tax inspections are based on accounting records – VIDEO

During a comprehensive tax inspection the tax authority makes its findings based on the items, lists, general ledger sheets and sub-ledgers extracted from the accounting records on a test basis. How can we prevent unfavourable findings? What is the task of...

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