In September, an amendment to a government bill under review by the Chamber of Deputies was introduced into the legislative process without undergoing the standard consultation procedure. This amendment propose…
What is a holding company and what activities should it perform? This question was examined by the Supreme Administrative Court (SAC) in a new judgement, where it assessed whether the establishment of a holding…
The Ministry of Industry and Trade has accelerated the announcement and launch of the Potential Programme, which will start accepting applications in October 2024. The programme aims to build research and devel…
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 19 July 2024.
From 2027 on, the European Union will extend the EU Emissions Trading System (ETS). The new rules identified as ETS2 will focus on further areas not covered by the system yet, including mainly the heating of bu…
On 18 July 2024, the International Accounting Standards Board (IASB) published 'Annual Improvements to IFRS Accounting Standards — Volume 11'. It contains amendments to five standards as a result of the IASB's …
If you previously gave up on applying for the subsidy programme for photovoltaic power stations due to the tight deadlines for filing a project and acquiring a building permit, we recommend revisiting your plan…
The Supreme Administrative Court (‘SAC’) issued judgement No. 6 Afs 225/2023-58, which addresses the issue of transfer pricing and confirms the application of the cost plus method (‘Cost+’) in the case of intra…
The forthcoming amendment to the VAT Act has passed its second reading in the Chamber of Deputies. The General Financial Directorate plans to publish guidelines on the application of VAT for fuel payments made …