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Newsletters

Keeping you update with the latest news, changes and developments covering tax, accounting and payroll.

We are at your disposal, should you require more details or deeper analysis with a unique touch for your business.

On changes of taxation in Hungary

07-07-2016 Tax Hungary

As in the previous year, the Parliament has passed the changes to next year’s tax regulations surprisingly early. In our current newsletter we are going to review the more important amendments adopted on 7 June 2016.

Increase of child tax credit in Czech Republic

10-05-2016 Tax Czech Republic

Highly expected tax amendment was implemented on 1 May 2016. Tax credit for second, third and any following child increases.

Flat-rate collection cost - 2016

01-04-2016 Accounting Hungary

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

14-02-2016 Tax Czech Republic

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

09-02-2016 Payroll Czech Republic

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

31-01-2016 Tax Czech Republic

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.