Brexit

Tax 

In Brief from International Taxation [November 2019]

A number of states have recently introduced new rules for substance requirements based on which the nexus taxation is derived, among them are Curaçao, the British Virgin Islands, Jersey and Guernsey. The CJEU AG gives its opinion on cases relating to cross-period loss relief, Belgian notional interest deduction and freedom of establishment. The guidance on tax treatment of virtual currency is newly available in the United States. Belgium is preparing for Brexit. The advance tax ruling issued in Luxembourg before 1 January 2015 will be valid only to the end of 2019. A new version of the list of non-cooperative jurisdictions was published by the European Union. 

22. 11. 2019
Law  Tax 

Brexit and its Implications for Your Firm: 10 Steps on How to Prepare for the “No Deal” Scenario

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 possibilities exist as to the timeframe and the ultimate setup of the relations between the United Kingdom, the European Union and other countries, including the Czech Republic. This inevitably complicates all additional steps that you should take prior to the final decision. To be prepared for the “big day”, which falls on 29 March 2019 or 30 March 2019 considering the time zone difference, it is advisable to expect the “no deal” or “hard Brexit” scenario given the circumstances. Our ten recommendations may be of assistance to you in this respect. 

20. 3. 2019