On 15 March 2019, the President of the Czech Republic signed an act amending certain tax laws (the “tax package”). The package includes the long-awaited amendment to the Customs Act providing guidance on securi…
The divorce battle between the United Kingdom and the European Union is in full swing and the result is still unclear. At present, the only certain thing is that the two-year period will soon expire. Several po…
On 12 March 2019 EU Finance Ministers updated the EU list of non-cooperative tax jurisdictions. The update was required since many countries have changed their laws and tax systems to comply with international …
Austria introduced the CFC rules. The European Commission will possibly appeal in a Belgian state aid case. Cyprus sets new rules for the determination of interest rates for notional interest deductions. And Fr…
In ruling no. II. ÚS 819/18 of 22 February 2019, the Constitutional Court granted the constitutional complaint of a company that was suspected by the tax authority of being involved in a so-called “tax carousel…
The OECD’s two-pillar strategy for income taxation was discussed during a Paris summit in March. At its meeting in March, ECOFIN rejected the European Commission’s proposal for the taxation of income from digit…
The Ministry of Finance of the Czech Republic has started working on the transposition of the EU Council’s Directive and Regulation that substantially amend the terms of cross-border trade in goods within the E…
Over half a million legal entities recorded in the Commercial Register had the obligation to record their ultimate beneficial owners (“UBO”) in the Register of Ultimate Beneficial Owners Information (“Register”…
In general, the changes introduced by the tax package are expected to come into force on 1 April 2019; however, in certain situations, it is necessary to verify whether special effectiveness rules or transition…