Press release
eVAT: introduction of draft VAT returns delayed
We still have to wait for the introduction of the eVAT system, but Hungary will be the first in the EU to offer draft VAT returns.
Personal income tax on dividends in Belarus
Dividends in Belarus are generally taxed at a PIT rate of 13%, but the procedure for tax payment differs for dividends sourced in Belarus and those from abroad.
Current developments in Hungary regarding VAT refunds on irrecoverable debts
VAT refunds on irrecoverable debts that have expired are now possible in certain cases thanks to a recent decision of the Court of Justice of the EU.
WTS Klient makes the final of the EMEA Tax Awards 2021
WTS Klient is among the top five transfer pricing firms in Hungary for the EMEA Tax Awards 2021 of the International Tax Review.
New customs authorisation in Ukraine
The new customs authorisation may offer material advantages and simplify customs clearance in Ukraine.
Registered office, permanent establishment, branch office, document storage location, place of central administration
We have summarised what companies need to know about registered office, permanent establishment, branch office, etc. in Hungary.
Intra-group services by multinational companies to subsidiaries in Russia
The Russian Federal Tax Service has issued two letters on intra-group services by multinational companies to subsidiaries located in Russia.
Good news for those who opt for self-billing!
The Hungarian ministerial decree that took effect on 26 June 2021 puts an end to the problems arising in connection with the online data reporting of self-billing.
Special OSS regimes in Romania since 1 July
The introduction of the special OSS regimes in Romania brings a significant change in the VAT system for transactions with non-taxable persons.
Changes to requirements regarding lawful employment conditions
From 11 March 2021 Government Decree 115/2021 (III.10) sets forth the detailed rules for the requirements of lawful employment conditions in Hungary.
Judgement of the Austrian Administrative Supreme Court on leasing personnel
A new decision of the Austrian Supreme Administrative Court shows the complexity of the Austrian withholding tax rules regarding leasing personnel.
New requirements for a foreign company’s PE in Russia
Since May 2021, a foreign company’s PE in Russia is obliged to report information about its founders, beneficiaries and managers to the tax authorities.
Database of companies with no public debts
The database of companies with no public debts in Hungary generally substitutes for the no-debt certificate, making administration much easier.
Social contribution tax exemption for entertainment costs and business gifts until year-end
New tax relief measures entered into force in June, including social contribution tax exemption for entertainment costs and business gifts.
Accounting tasks during a merger in Hungary
We have summarised everything that decision-makers and finance experts of the business entity to be transformed need to know regarding a merger.
