Registration of a legal entity in Russia in 5 steps

Anyone going to do business in Russia or managing to establish a Russian subsidiary in the form of a limited liability company (LLC) is surely interested in the details of registering a legal entity in Russia. In this article we will give you a useful...

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Transfer tax exemption in property sales in Hungary

Our phones were rather busy at our Hungarian office prior to Christmas in 2009. Everybody wanted to sell their shares in companies owning real estate, since at that time, if you acquired properties this way, the party acquiring the share was granted...

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Accounting of a spin-off in Austria

The accounting treatment and the presentation of a spin-off can be challenging in practice. In this article we would like to highlight the accounting consequences of a spin-off in Austria from the transferring entity’s point of view. Our examination is...

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Right to deduct VAT and right for a refund of VAT

The increased activity of the Court of Justice of the European Union is exerting a growing impact on the cross-border business activities of companies and on related tax issues. We recently reported on the ruling of the Court of Justice of the European...

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WTS Klient Hungary awarded title of Reliable Employer

The German-Hungarian Chamber of Industry and Commerce has awarded WTS Klient Hungary the title of “Reliable Employer 2018-2019” based on the company’s HR management practices. This is awarded by the jury to companies that are exemplary in looking after their...

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