Extra profit taxes in Hungary – SME INFO HU Nr.2022-01
In order to make up for the budget deficit and to maintain the reduction in utility costs, the Government has imposed special taxes in several areas, which are laid down in Government Decree 197/2022 (4.VI) on Extra Profit Taxes. The changes we consider important are presented in detail, the others are only mentioned.
Client identification continues to be in focus within the relationship of clients and service providers
The fight against money laundering and terrorist financing in the European Union has recently become much more focused than in the past. Although the process laid down in EU legislation has not fundamentally changed, with the actual ownership database now in place, all accounting and registered office services firms will have a serious task if they want to avoid fines. Below is an overview of the risks associated with the new changes.
Changes in payroll legislation effective from 1.1.2022 – SME Info Czechia 2022-1
We shortly summarize changes of Czech legislation relating to payroll. It is summarizing some regular annual updates of certain thresholds as well as some expected changes from recently passed legislation.
Polish Deal 2022 – SME Info PL Nr.2021-01
The result of the socio-economic programme “Polish Deal” announced by the Polish government this year is the introduction of amendments to the Corporate Income Tax Act, the Personal Income Tax Act, the VAT Act and some other laws, most of which will enter into force from 2022. Some of these changes will enter into force at a later date, but no later than from 2023. In the attached newsletter, we will mainly outline the changes to the CIT and VAT legislation and the related changes to the Entrepreneurs’ Law, which may have significant financial consequences for companies and entrepreneurs who are subject to these forms of taxation.
Tax changes due in 2022 in Hungary – SME INFO Nr.2021-09
The purpose of SME INFO HU 2021-09 newsletter (available both in English and Hungarian) is to provide general information and to draw the attention to the most important changes in taxation in Hungary due in 2022.
Progress in government digitalization in Czechia
Czechia was one of the first CEE countries to implement digital communication between authorities and businesses. In present newsletter we give a short intro about the changes coming into effect in two steps, on 1 January 1 2022 and 2023.