International taxes in brief
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…
Ground-breaking ruling of the Constitutional Court: Claiming a refund of retained undisputed amounts of excessive VAT deductions i…
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…
An Across-the-Board Solution for the Taxation of Digital Services Not in Sight?
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…
VAT news – March
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…
Has your company’s beneficial owner been registered?
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”…
The Final Version of the Tax Package has Been Approved
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…
Lex Brexit – current status
An approved law regulating various areas of so-called hard Brexit passed the legislative process. Following the development of the situation, it will be promulgated in the Collection of Laws unless a UK-EU agre…
New R&D tax relief rules apply
On Tuesday, 12 March, the Chamber of Deputies approved an amendment to the Income Taxes Act, which also amends rules for applying R&D tax relief. Amendments proposed by the Senate of the Czech Republic were…
On Whose Part Does Gratuitous Income Arise When the Lease and Sub-Lease Agreements are Terminated at the Same Time?
In cases in which the property owner enables the lessee to perform technical improvement on the property and to subsequently depreciate the improvement made, while no compensation is provided upon the lease agr…