Flat-rate collection cost - 2016
The institution of flat rate collection cost was removed from the Civil Code as of 24 March 2016 in Hungary and has been re-regulated in the Act IX of 2016 with retroactive applicability.
Electronic registration of sales approved in Czechia
Lower chamber of Czech Parliament approved law on the electronic registration of sales on 10. 02. 2015. It approved reduction of VAT rate in the catering services with the exception of alcoholic beverages.
Termination of II. pillar pension system
Taxpayer action required. Pension savings – II. pillar is terminated as of 1.1.2016, by Act 376/2015 Coll.
APPLICATION OF LOCAL REVERSE CHARGE ON ELECTRICITY AND GAS IN B2B FROM 1.2.2016
The supplies of gas and electricity to traders with these commodities will be subject to the local reverse charge treatment starting from 1 February 2016.
VAT Control statement and changes in accounting records in Czechia
Several key areas that need to pay special attention when originating accounting records from January 1, 2016.
