At the end of August 2022, an amendment to the VAT Act of Slovakia has been adopted by the Slovak Parliament. The changes include, among others, the cancellation of mandatory VAT r...

We updated our article on 28 October 2022. The applicability of the 5% VAT on the sale of new residential properties in Hungary was extended by two years, until 31 December 2024, b...

Businesses established in Hungary have until 30 September 2022 to reclaim foreign VAT. This means that companies may apply until this deadline for a refund of value added tax charg...

The Law on Annual Financial Statements and Consolidated Financial Statements requires all companies in Latvia to file an annual report approved by the shareholders’ meeting with ...

Companies that adopt the calendar year for their financial year – i.e. most companies – have until 31 May 2022 to publish their financial statements for the previous year. The ...

As we wrote in an earlier article, based on the bill submitted last October and approved in November, in addition to the draft personal income tax returns – ePIT – Hungarian ta...

Similar to the first and second wave of the pandemic, the Hungarian Ministry of Finance and the National Tax and Customs Administration are trying to help companies affected by the...

Over the past two years I have gained first-hand experience on the specificities of support for spectator team sports through corporate tax since, to realise my long-cherished drea...

In order to mitigate the negative economic effects of COVID-19 pandemic the Lowest chamber of Polish Parliament (the Sejm) passed a law on 25 February 2021 the law amending the Ex...

Although the legislative work regarding CbCR regulations in Turkey (country-by-country reporting) for OECD BEPS Action 13 was completed with Presidential Decree no. 2151 effective ...

As written in one of our earlier articles, according to Hungarian law several different financial statements must be prepared during voluntary liquidation. In this article we will ...

Under the economy protection action plan, the Hungarian government introduced a number of tax relief measures to alleviate the economic impact of the coronavirus pandemic. Under Go...

On 3 June the permanent members of the European Council accepted the proposal of the European Commission that DAC6 data reporting deadlines pertaining to cross-border arrangements ...

The majority of Hungarian businesses need to meet their obligations to prepare and publish financial statements and to file tax returns and pay taxes until 30 September. The latest...