Maintaining records of processing activities

The General Data Protection Regulation (GDPR) of the European Union sets out obligations for controllers on keeping records of data processing activities. Records of processing activities are documents compiled and kept up-to-date by controllers that...

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WiEReG: the Beneficial Owners Register Act in Austria

According to the WiEReG, the Austrian Beneficial Owners Register Act, data about the beneficial owners of all Austrian legal entities have to be transmitted electronically via the Austrian Government’s Business Service Portal. Newly established...

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Asset value methods in business valuations

Starting our series of articles off we looked at the cases when business valuations may be necessary, and the possible methods, then we conducted a thorough analysis of the features of income-based methods and comparables methods; in this article we are...

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Digitisation in taxation

A professional colleague recently asked what the actual difference is between artificial intelligence and digitisation in taxation. The answer is simple: one is the prerequisite for the other, or in other words, one – digitisation in taxation – paves the...

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WTS Global wins new member firm in the UK

After winning a new member firm in Italy WTS Global now wins the tax practice FTI Consulting LLP as its new member firm in the UK, thus continuing on its path of onboarding locally dominant, highly renowned tax firms in the respective local market.  The London based...

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WTS Global increases its footprint in Italy

After the South and the North American tax market WTS Global expands its presence now in Italy by winning the top-tier tax law firm, Studio Biscozzi Nobili in Milan as a new member, in addition to its long-standing partner, WTS R&A Studio Tributario Associato. Studio...

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Amendment to the Czech VAT Act effective from 2019

As we have already covered in an earlier article, in June 2018 the Government of the Czech Republic adopted a set of tax amendments for 2019. The tax package includes significant amendments to the Czech Income Tax Act, the Czech VAT Act and the...

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Electronic communication in taxation

Taxation as well as communication with the tax authority cannot elude the development of information technology solutions and the electronic transmission and processing of data. As reported in several of our articles, from 1 January 2018 Hungarian business...

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