Press release
New ruling on factoring in Poland
The new ruling on factoring in Poland clarifies the calculation of tax-deductible costs attributable to sales of own receivables under factoring contracts.
Taxation of crypto asset transactions in Hungary
From 2022, the profit realised on crypto asset transactions should be treated as separately taxed income.
Changes to records of beneficial owners in the Czech Republic
The new law on records of beneficial owners in the Czech Republic introduces stricter definitions and completely new sanctions. It takes effect on 1 June.
Spring tax law amendments in Hungarian parliament
In our latest WTS Klient Newsflash we have summarised the key points of the spring tax law amendments in Hungary that are important for decision makers.
Completing a voluntary liquidation procedure in Hungary
Completing a voluntary liquidation procedure must be undertaken with care, and with attention to the relevant accounting rules and taxation requirements.
Electronic Invoicing Information System in Slovakia
Slovak Electronic Invoicing Information System is divided into several stages, and the completion of the system is planned for 2022.
Deadline for certain tax returns and annual reports can be postponed by submitting an extension request
By submitting an extension request, companies in Hungary that cannot fulfil their obligations by 31 May can avoid the default penalty until 30 June.
Timing difficulties of corporate tax allocations in Hungary
What are companies and sports associations struggling with related to corporate tax allocation in the current legal environment? What can the solution be?
Allowance for young people under 25 round the corner
As of 1 January 2022, the allowance for young people under 25 provides exemption from personal income tax up to the average national gross wage for those eligible in Hungary.
Digital Service Tax in Poland
The introduction of the Digital Service Tax in Poland is planned for 1 July 2021. However, work on the project is still ongoing.
New residential property: tax refund support now available
To apply the 5% VAT on homes it is worth knowing what counts as residential property, what is a new residential property, or how to calculate floor space.
New VAT rules in Latvia
On 1 January new VAT rules, including the introduction of a unified tax account, new payment deadlines and reduced VAT rates, entered into force in Latvia.
Whistleblowing system soon to become compulsory
Member States have until 17 December 2021 to implement the EU directive on the establishment and operation of whistleblowing system.
Consequences of the pandemic in labour legislation in Bulgaria
The latest amendments of labour legislation in Bulgaria aim to guarantee the rights and interests of employees and employers in the COVID-19 pandemic.
BIREG system besides EKAER from 1 January?
Hauliers and passenger transport operators face new reporting obligations from BIREG system launch on 1 January. Failure to meet them can lead to hefty fines.
