WTS CEE News

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.

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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 not subject to these. Romanian VAT payers include local, Romanian companies, as well as non-resident companies

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Amendment to the Czech VAT Act effective from 2019

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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.

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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 non-residents. In Ukraine, non-resident individuals are subject to personal income tax

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Major differences in the VAT system of the CEE countries to the EU regulations

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New withholding tax collection mechanism in Poland

The Ministry of Finance in Poland has recently published the Draft Act to amend the Corporate Income Tax Act (CIT), the Personal Income Tax Act (PIT), the Tax Management Act and certain other acts. The proposed law introduces fundamental changes to the collection of withholding tax (WHT) in Poland. The new treatment will apply to

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2019 tax package for the Czech Republic

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No Austrian RETT upon indirect transfer of shares in a property owning company

According to the national law, Austrian RETT is triggered not only if an Austrian real estate is transferred, but also if at least 95% of the shares in a property owning company are transferred or consolidated in the hands of one single owner. The Annual Tax Amendment Act 2018 now clarifies also that shareholders are

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The most important changes brought by the Lithuanian personal income tax reform

The Lithuanian tax reform affecting employment taxation and introducing progressive PIT was adopted on 13 July and comes into force on 1 January 2019.

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VAT reclaim – Turkish and Serbian VAT will be reclaimable

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New possibility for distribution of dividends in Romania

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Governmental draft of amendment to Slovakian VAT Act

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Establishing a company in Central and Eastern Europe

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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 recognition of services permanent establishment Planned change: as a rule, foreign company will constitute

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Amendments to transfer pricing regulations and to the CIT law in Poland

A draft legislation amending the PIT and the CIT law in Poland has been published by the Polish Government Legislation Centre middle of July. The draft includes among others significant changes in the country’s transfer pricing rules. The new regulations will come into effect on 1 January 2019 according to the plans, but they were

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Amendment to the Czech Construction Act has not met all expectations

Czech-Tax-News-2018On 1 January 2018 an amendment to the Czech Construction Act, or Building Act entered into force in the Czech Republic. While it aimed to simplify and shorten the approval process, the experts see the results somewhat controversial. In our article we show the pros and cons.

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Clarification of the Master and Local File in Austria

On 4 December 2017, the Austrian Finance Ministry published information on the Transfer Pricing Documentation Act, including specifications of the Master and Local File in Austria.

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Introducing master and local file in the TP documentation in Latvia as of 2018

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Consignment stock or customs warehouse in Serbia

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