In general, the Income Taxes Act provides taxpayers with an option to suspend tax depreciation of assets or not to utilise it at all. Thus, the utilisation of tax depreciation in the tax base is an alternative,…
The EUROMED Community aims to promote economic integration across EU states, their neighbours, North Africa as well as Middle Eastern countries. With effect from September, the “transitional rules of origin” ha…
Removal of the harshness of law, i.e. penalty remission, is not only applied as part of tax proceedings. Very often, a penalty is imposed for late health insurance and social security payments. These penalties …
Below you will find a table with the current time schedule of the calls, including a brief description of the focus and deadlines for the receipt of applications for subsidies in individual calls.
Following the amendment to the Income Taxes Act effective since 1 January 2021, a decree of the Ministry of Finance (No. 335/2021 Coll.) was published in the Collection of Laws after more than 8 months, amendin…
The Ministry of Industry and Trade had been preparing the National Recovery Plan (NRP) for several months and it was finally approved by the Economic and Financial Affairs Council (ECOFIN) and the Council of th…
Germany will allow partnerships to tax income as corporations through corporate tax. The Finnish Supreme Administrative Court has issued a ruling regulating the rules restricting the tax deductibility of intere…
Starting from the next year, changes in the VAT application in the provision of performance subject to a special scheme for travel agents will take effect. According to the Court of Justice of the European Unio…
On 9 August 2021, the General Financial Directorate issued information on the guidance on transfer pricing in financial transactions (the “Information”) in which the General Financial Directorate refers to Tran…