Press release
New tax amendments in Hungary in addition to extra-profit tax
Based on the bill submitted to the Parliament on 21 June 2022, there will be significant tax amendments in Hungary soon.
Company car tax in Hungary changing from July
As of 1 July 2022 the rate of the company car tax is to increase temporarily. All businesses should consider this when planning their car use.
Related parties in the Czech Republic
The Czech Supreme Administrative Court has recently made two important decisions regarding the definition of related parties in the Czech Republic.
Missed statutory audit? Here are the consequences!
What can a company do in the case of a missed statutory audit, and if the financial statements were published without an auditor’s report?
Extra-profit tax in Hungary just round the corner!
The extra-profit tax taking effect at the beginning of July will be charged, among others, to banks, airlines, telecom and pharma companies in Hungary.
Classification of tax subjects in Slovakia
Through the new, public tax reliability index the classification of tax subjects in Slovakia will be more transparent as it was previously.
Tax-free bicycle use
From 1 January 2022, a new tax-free benefit was added to Annex 1 of the Hungarian Act on Personal Income Tax, namely, tax-free bicycle use. Accordingly, private use of bicycles provided by the paying agent, powered solely by foot or aided by an electric engine of up...
Income tax consequences of calling off the state of epidemic in Poland
The state of epidemic in Poland has been revoked as of 16 May 2022, and on the same day the state of epidemic emergency was announced.
SAF-T data reporting
In recent months we have read and heard more and more about the SAF-T report or SAF-T data reporting, the latest technological development of the Hungarian tax authority. Let us take a closer look at what we are talking about here exactly. As of 1 July 2018, data...
Filing annual report in Latvia
Everything you need to know about filing annual report and about the notice sent to shareholders when convening the shareholders’ meeting in Latvia.
Deadline for filing corporate tax returns fast approaching
31 May is the deadline for submitting corporate tax returns for the 2021 financial year, and companies have until then to decide about their tax allocations too.
New taxation of cryptocurrencies in Austria
As part of the Eco-Social Tax Reform 2022 the taxation of cryptocurrencies in Austria is now included in the existing tax regime for capital assets.
Global minimum tax
In December 2021 the European Commission published its proposed directive detailing the rules of the global minimum tax.
Recent tax changes in Bulgaria
The latest tax changes in Bulgaria include also a reduced corporate tax rate on employee benefits expenses and the repeal of PIT on bank deposits interest.
Benford’s law
What is Benford’s Law? How is it connected to accounting? How can you use it in fraud investigations? Our article explores these issues.
