Bulgarian legislators have ensured that this year starts well for Bulgarian taxpayers. Medium-sized enterprises which incurred significant compliance costs and which were less comp...

On 2 December 2022, a set of tax amendments traditionally referred to as the 2023 tax package for the Czech Republic was published in the Collection of Laws. The 2023 tax package f...

Two years ago, the Polish government introduced a set of tax measures in order to simplify VAT settlements in Poland. Since the introduction of the first series of the SLIM VAT (Si...

At the end of August 2022, an amendment to the VAT Act of Slovakia has been adopted by the Slovak Parliament. The changes include, among others, the cancellation of mandatory VAT r...

Interested in investing in the Serbian IT industry? In our article we will describe the main phases of the acquisition of a Serbian IT company, and explain, why is it worth investi...

At the beginning of July 2022, in the wake of the energy crisis which caused the skyrocketing of fuel prices, the Bulgarian National Assembly adopted a number of tax measures affec...

At the end of August, the Income Tax Act of Slovakia has been significantly changed. According to the amendments, safe harbour rule is being introduced and the procedure of taxpaye...

On 15 July 2022, the Romanian Fiscal Code was significantly amended. The changes were published in Ordinance no. 16/2022 in the Official Gazette no. 716 and will take effect on 1 J...

This year, significant VAT changes have been introduced in Slovenia. The most important VAT changes relate to the expansion of the reverse charge system for foreign entities in Slo...

The Czech Supreme Administrative Court has recently made two important decisions regarding the definition of related parties in the Czech Republic. Accordingly, the tax authority h...

The details of the so-called extra-profit tax announced earlier by the Hungarian government were revealed in the 2022/93 edition of the Hungarian Gazette on 4 June 2022. Government...

In the current months, all companies in Slovakia receive a notification from the Financial Administration of the Slovak Republic about the classification of tax subjects according ...

On 9 May 2022 the Polish Minister of Health published a draft legislation on lifting the state of epidemic in Poland. The state of epidemic, which was introduced in Poland on 20 Ma...

As part of the Austrian Eco-Social Tax Reform 2022 (Ökosoziale Steuerreform 2022), the taxation of cryptocurrencies in Austria is now included in the existing tax regime for capit...

Currently, a private person resident in Slovenia, is not taxed on the realised capital gain from the sale or use of virtual currencies, unless the activity is considered to be a pr...

In accordance with Law No. 7338, which was promulgated in the Official Gazette of 26 October 2021, several significant amendments have been implemented to the Tax Procedural Law an...

On 17 June 2021, the Court of Justice of the European Union (CJEU) issued a very important judgement regarding the VAT exemption available for the management of special investment ...

On 26 July 2021, the Polish Government published a package of legislative proposals to make important amendments to various tax laws, including Polish WHT regulations. The draft la...

Dividends in Belarus constitute income which is generally taxed with 13% personal income tax. However, the tax payment procedure differs for dividends sourced in Belarus and from a...

Leasing personnel to Austria by foreign companies is subject to a withholding tax (WHT) of 20% in Austria. The payer must deduct this WHT at source and transfer it to the competent...

A few years ago, the Digital Service Tax was rarely heard of in Europe. Now many EU countries have proposed, announced or already implemented some form of this tax type. Poland joi...

Last year, the regulation of business purpose was changed two times in Ukraine. Law 466-IX, which supplemented the definition of reasonable economic purpose and introduced the appl...

Home office or remote work in Austria can have different consequences in the taxation and the social security obligations depending on whether the employee works from home only dur...

In January 2021, the French business law firm Fidal joined WTS Global as the newest member of the leading global tax practice. Founded originally as a tax firm in 1922, Fidal today...

From 2021 significant changes entered into force to the Fiscal Code of Romania. The amendments were published under Law no. 296/2020 in the Romanian Official Gazette no. 1269 on 21...

On 1 January significant tax changes came into effect in the Czech Republic. The 2021 tax package for the Czech Republic includes a respective collection of amendments and was publ...

Law No. 7256 on the Restructuring of Public Receivables and Amending Certain Laws was promulgated in the Official Gazette of Turkey no. 3130 on 17 November 2020, and took effect th...

On 26 October 2020 the Romanian Government published Government Emergency Ordinance no. 181/2020 in Official Gazette no. 988. The ordinance, which entered into force on the day of ...

Limited liability companies often need to raise capital to expand their business, enter new markets or invest in R&D. While the financing options are numerous, each choice come...

In the “fight” against the COVID-19 crisis, the Austrian government has decided on further support measures for particularly affected industries. One of the measures includes a...

On 1 July 2020 an anti-crisis tax package came into force in the Czech Republic to mitigate the adverse economic impacts of the coronavirus pandemic on entrepreneurs and companies....

At the beginning of the COVID-19 pandemic the main priority of the Austrian government was to ensure the solvency of companies. Different measures like a funded short-time working ...

During the coronavirus pandemic, among the numerous and fast legislative changes and economic measures rolled out by governments, Latvia has also introduced other changes to Latvia...

The majority of Hungarian businesses need to meet their obligations to prepare and publish financial statements and to file tax returns and pay taxes until 30 September. The latest...

Hungary is to introduce a special tax on credit institutions and a retail tax on 1 May. Government Decrees 108/2020 and 109/2020 on filling up the Pandemic Fund established to exec...