Questions regarding the effectiveness of the new Accounting Act
The new Accounting Act, which should come into force on 1 January 2024, is still in the legislative process. Let us summarise in what phase the act and the related regulations are now.
“Unshell” Directive discussed in EU Council
With the change in the EU Council Presidency, discussions on the parameters of the EU directive to define minimum requirements for the economic substance of entities established in the EU (the “Directive”) have…
In brief from international taxation [April 2023]
The UK Government has released draft legislation to implement Pillar Two global minimum tax rules. Germany has published draft legislation to implement the EU Pillar Two Directive on international taxation. Bel…
Arranging family property through trusts or endowment funds
Preserving family assets, ensuring their integrity or providing for family members are just a few reasons why some families choose to establish a trust or family-type endowment fund. Both of these institutes co…
Update of the OP TAC schedule for 2023
At the beginning of April 2023, the Ministry of Industry and Trade updated the schedule of calls for the Operational Programme Technology and Application for Competitiveness (OP TAC) for 2023. The update led ma…
Concept of abuse of law in focus of tax administration again
The current case-law shows that the concept of the abuse of law is becoming the inseparable part of tax practice over time; therefore, we bring you another judicial decision on this topic, this time it was made…
VAT news [April 2023]
The General Financial Directorate is preparing changes to the information on the application of VAT in the field of real estate. In addition, it intends to issue information on the determination of the tax base…
Innovation Fund: €100 million for innovative cleantech projects
On 30 March, the European Commission launched the third Innovation Fund “small-scale call for projects” (with a total budget up to EUR 7.5 million) to support the deployment of innovative low-carbon technologie…
SMEs can receive a grant from EU funds to protect their intellectual property
Startups with ideas “still on paper” as well as established companies can draw funding from an EU grant to protect their intellectual property. It does not matter whether they already have an IP strategy in pla…