VAT news [September 2023]
The amendments to the government’s consolidation package bring interesting changes to the area of VAT. The General Financial Directorate has addressed the determination of the tax base for the donation of hard-…
Children of foreigners will be covered by public health insurance from January
As of 1 January 2024, foreigners under the age of 18 will be covered by public health insurance; a long-awaited change in access to health insurance for children of foreigners is thus becoming a reality. What c…
When does the statute of limitations start to run in the case of a creditor-dependent maturity?
Have you ever lent money to someone without agreeing when they would pay you back? Then you might want to pay attention. According to a recent Supreme Court decision, your claim could become subject to the stat…
Legal News [September 2023]: Where is the place of work?
What is the relationship between the place of work agreed in the employment contract and the workplace? Is it possible to extend the term of office of statutory body members? These are just some of the question…
Court upholds ten-year extension of duty assessment period
In a recent judgment, the Supreme Administrative Court (“SAC”) commented on the extension of the basic three-year period for assessing duties in situations where customs authorities considered that the customs …
OECD Pillar Two updates
On 17 July 2023, the OECD/G20 Inclusive Framework on BEPS published a package of documents on the implementation of the Pillar Two global minimum tax rules (“Pillar Two”). The package includes additional admini…
Legal News [August 2023]: New entrepreneur’s definition in the Civil Code
Who is obliged to compensate the former lessee for taking over the customer base and what are the requirements of the articles of association regarding the funds to which part of the profits of a joint-stock co…
Consolidation Package proposes functional currency and other tax changes
After its meeting on 23 August 2023, the government coalition issued a statement, which was subsequently confirmed on the website of the Ministry of Finance, presenting the proposed changes to the Consolidation…
No more paper booklets! Foreigners must now have biometric cards
The amendment to the Act on the Residence of Foreigners, which came into force on 2 August 2021, introduced the obligation for foreigners to exchange paper residency permits for biometric cards by 3 August 2023…