Amendment to the Slovak VAT Act
On 1 October 2015, an amendment to the VAT Act No. 222/2004 Coll., as amended, was approved by the Slovak Parliament. Its final version awaits the approval of the President.
Recent payroll changes in Hungary
Expanded reporting requirements on newly hired employees, Temporary staffing, Training fund contribution – expanding opportunities for…
On Changes of Taxation in Hungary - 2016
The modifications to next year’s tax laws were adopted by the Parliament surprisingly early this year (on 16 June 2015). In our current newsletter we aim to offer a brief summary of these 2016 changes.
Advertisement tax changes in Hungary
On 27 May 2015 amendments to the advertisement tax were adopted by the Parliament under exceptional procedure. According to the official explanation the correction has become necessary…
Extention of local reverse charge regime from 1.4.2015 (Czechia)
This is a change of VAT law already approved in 2014, only with effective date as of 1.4.2015. The reverse charge applies to transactions with total amount of the tax base supplied all the selected goods exceeds the amount of CZK 100 000 (if more types of goods are selected then sum of the relevant one needs to considered, not separate values per product code).
New Whistleblowing Act creates obligations for businesses in Slovakia
On 16 October 2014, Slovak Parliament approved the Act on Several Measures Relating to Reporting of Serious Anti-Social Activity and on Amendments and Supplements to Certain Laws, referred to as the Whistleblowing Act.