Press release
Digitisation in taxation
What is the potential impact of digitisation in taxation, and how can we use it in tax consulting? We seek answers to these in our article.
2019 tax law amendments
On 13 November 2018 the Hungarian National Assembly approved the autumn tax package, so together with the summer tax package we can essentially consider the tax law amendments taking effect from 2019 complete. Below we highlight some of the more significant changes....
VAT exemption for supply of software products in Ukraine
Ukraine has a few tax benefits for transactions on supply of software products in order to maintain the competitiveness of domestic software developers.
WTS Global wins new member firm in the UK
The fast-growing global tax practice WTS Global wins the London based tax practice FTI Consulting LLP as its new member firm in the UK.
Employer housing loans from 2019: what’s on the way after employer housing support?
From 2019 the scope of benefits provided for employees by Hungarian employers on a tax-free basis or with tax allowances is to change significantly. Among other issues, the tax exemption of employer housing support will be discontinued. Employer housing support Up...
WTS Global increases its footprint in Italy
WTS Global expands its presence in Italy by winning the top-tier tax law firm, Studio Biscozzi Nobili in Milan as a new member.
General VAT compliance obligations and registration requirements for Romanian companies
Romanian tax authorities want to fight against VAT fraud through a rigid VAT registration procedure and a strict VAT risk analysis applicable to Romanian companies. However, Romanian branches of foreign companies registering directly for VAT purposes in Romania are...
CbCR and reporting obligation – What needs to be done by the end of the year?
It is only a few weeks until Christmas and the end of the year. What does this mean for CbCR (country-by-country reporting) and the related reporting obligation? Another year has passed, yet 31 December 2017 does not seem that long ago: it was the first deadline for...
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...
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 entities...
Hungary and USA conclude long-awaited agreement on exchange of tax information
The agreement on the exchange of tax information (bilateral competent authority arrangement), which will enable more effective measures against international tax evasion, was signed by Mihály Varga, the Hungarian Minister of Finance and David B. Cornstein,...
Possibilities and legal framework of investing in Belarus
Investing in Belarus is a great opportunity for foreign companies due to its location and favourable investment regulations.
Business valuation based on comparables methods
We launched our series of articles by checking out the times you may need to conduct a business valuation, and the methods you can choose to do so. Then we provided a detailed overview of the advantages and disadvantages of the most popular valuation method, the...
Key elements to autumn tax changes
On 19 October 2018 we learned about Bill T/2931 submitted to Parliament on the amendment of certain tax laws in relation to EU obligations and on the tax administration amendment of certain laws. The main modifications of the autumn tax changes relate to corporate...
Recent trends in the income taxation of non-residents in Ukraine
The standard personal income tax rate of 18% applies in Ukraine also to income earned by tax non-residents from sources in Ukraine, unless otherwise specified in the Ukrainian Tax Code. Also military tax, which was introduced in 2014 in Ukraine, should be paid by...
