Press release
New Act on Social Security takes effect on 1 July in Hungary
The purpose of the new Act on Social Security in Hungary is to simplify the fragmented regulation and reduce the administrative burdens of employers.
Stricter requirements for crypto businesses in Estonia
With effect from 10 March 2020 virtual currency service providers, or crypto businesses, will be treated equally to financial institutions in Estonia.
WTS Klient expanding with new business line
WTS Klient Business Automation Kft. offers automated business solutions for the company’s clients to reduce their business and tax administration burdens.
Business gate administration: case manager registration, step-by-step
In addition to fine-tuning the rules of case manager registration, the business gate service in Hungary now has new functions.
Rules and rates of Serbian withholding tax
The Serbian withholding tax rate is 25% for non-resident entities from tax havens and 20% if the income is generated by a non-resident outside of a tax haven.
Introduction to the mysteries of the KIVA: switching to the small business tax
The rate of the small business tax was lowered one percentage point in Hungary from 1 January 2020, making it even more popular among Hungarian companies.
Changes to Slovakian Income Tax Act from 2020
Decrease in the rate and simplified calculation of the tax base are two of the key amendments to the Slovakian Income Tax Act effective since 1 January 2020.
Reclaiming VAT on irrecoverable debts
New rules took effect on 1 January with regard to reclaiming VAT on irrecoverable debts in Hungary. A new definition was also created.
Tax law amendments for 2020 in Hungary
In our first WTS Klient Newsflash this year we summarise the most important points of the tax law amendments for 2020 in Hungary.
Key amendments of Polish withholding tax reform deferred again
Certain key elements of the Polish withholding tax reform have been deferred again, the new effective date should now be 30 June 2020.
Global Anti-Base Erosion Proposal under Pillar Two
WTS Global comments on OECD Secretariat Global Anti-Base Erosion Proposal (“GloBE”) under Pillar Two for a new tax order.
Role and responsibilities of a liquidator
It is advisable to appoint a person as a liquidator who knows the company’s activity, internal processes, policies and partners.
Slovenian tax package adopted for 2020
On 23 October 2019 the National Assembly adopted the Slovenian tax package. The general corporate tax rate remains at 19% and will not change in 2020.
Verification of intra-community supplies
From 2020 a signed CMR document may no longer be enough in Hungary to prove an intra-community supply to secure a zero tax rate.
Unified Approach under Pillar One
WTS Global comments on OECD Secretariat Proposal for a “Unified Approach” under Pillar One, which focuses on the allocation of taxing rights.