News

New APA procedure in Ukraine

The Ukrainian Tax Code has contained special rules for advance pricing agreements (APA) since September 2013, when the first transfer pricing (TP) rules were implemented in Ukrainian legislation. Since then the APA procedure has been revised several times....

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WTS Global strengthens its footprint in the US

After the South American tax market WTS Global now strengthens its footprint in North America by opening US desk in New York and San Francisco. With this step WTS Global is moving closer to its member firms’ US-headquartered clients and will better support...

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Governmental draft of amendment to Slovakian VAT Act

On 1 January 2019 an amendment to the Slovakian VAT Act will come into force. The draft, which among other things removes the tax guarantee, is currently undergoing interdepartmental discussions in the Slovakian Parliament. No tax guarantee any more...

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Establishing a company in Central and Eastern Europe

The 2018 summer issue of WTS CEE Tax Bridge has been published. It summarizes the most important regulations of establishing a company in 13 countries of the Central and Eastern Europe Region: Austria, Belarus, the Czech Republic, Hungary, Latvia, Poland,...

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Likely negative tax implications of mergers

Several of our articles have dealt with the reasons for transformations and the challenges involved in Hungary, including related accounting procedures and taxation issues. Generally speaking, the motivation behind mergers is mainly driven by...

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Key changes of the Belarusian Tax Code in 2019

Belarusian Finance Ministry published a draft of the new Belarusian Tax Code 2019 on its official website. The changes are expected to come into force on 1 January 2019. Provisions we found the most interesting are summarised below. New term for...

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So how much do foreign postings cost?

When an average limited liability company sends its employees abroad for business meetings or training for a few days, several types of cost may incur, which can entail different tax payment liabilities too. Some costs may even be coupled with VAT...

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