Archive

Law 

Uncertainties regarding the processing of biometric data persist; experts’ opinions on their processing differ

In recent months, the Office for Personal Data Protection (the “Office”) has attracted the attention of both the professional and non-professional public with its decisions or statements on the processing of biometric data, specifically in relation to dynamic biometric signature and attendance systems. As there are a number of open issues with regard to the new data protection legislation, the opinions and approaches of experts regarding the conditions under which data may be processed differ as well. What does the professional debate currently deal with? 

19. 9. 2019
Accounting 

The Biggest Pitfalls of Adopting IFRS 16, which Addresses the Reporting of Leased Assets

Since 1 January 2019, IFRS 16 has been in effect. This standard substantially revised the accounting treatment applied by lessees to leased assets. For companies, this means more demanding work with data; the need to define which of their contracts fall under the scope of IFRS 16; and also, for instance, employee training. What are the pitfalls lessees face in connection with the new standard? And is there a way the whole accounting process can be simplified? 

19. 9. 2019
Tax 

Monitoring the Personal Tax Account May Pay Off

Many companies and physical persons watch their finance from the perspective of cash-flow, the amount of interest paid or finance planning. Why is it then that tax entities do not monitor their personal tax accounts recorded by the tax authority? Let us have a look together at cases when it is good to know “what is in the tax purse” of the taxable person, what movements are performed there and when it is the right time to claim overpayments or whether there is a record of an outstanding amount to be paid to the tax authority. 

17. 9. 2019