VAT news [February 2022]
Should the compensation of cost incurred in connection with wage deductions of employees under enforcement proceedings be subject to VAT? How should leasebacks be regarded from the VAT perspective? Should the s…
VAT news [December 2021– January 2022]
Following the decision of the Minister of Finance regarding the billing of electricity and gas in relation to VAT remission, the General Financial Directorate has issued a clarifying supplement. The supplement …
VAT news [October 2021]
Starting from the next year, changes in the VAT application in the provision of performance subject to a special scheme for travel agents will take effect. According to the Court of Justice of the European Unio…
Information of the General Financial Directorate on transfer pricing in financial transactions
On 9 August 2021, the General Financial Directorate issued information on the guidance on transfer pricing in financial transactions (the “Information”) in which the General Financial Directorate refers to Tran…
Additional tax returns: when are you at risk of penalties?
It is a well-established rule for most taxable entities that when they file an additional tax return voluntarily, they will not be charged a penalty representing 20% of the additionally assessed tax. The purpos…
VAT news [June 2021]
What news is brought to e-commerce by an amendment to the VAT Act approved by the Chamber of Deputies and currently forwarded to the Senate? How did the General Finance Directorate comment on the reciprocal rec…
Remission of penalties, interest and now also fines for the late filing of a tax return
The additional tax assessment by the tax administrator gives rise to the obligation to pay interest on arrears; in addition, this often entails penalties, which may, in total, exceed the amount of the additiona…
Information of the General Financial Directorate on the effects of the Covid-19 pandemic on transfer prices
On 31 March 2021, the General Financial Directorate issued information on the effects of the Covid-19 pandemic on transfer prices (the “Information”) pursuant to recommendations of the OECD of December 2020 (th…
Wage compensation as deductible (non-deductible) expenses in the research and development tax relief
For five years, the expert public has been waiting for the decision of the Supreme Administrative Court in the matter of deductibility/non-deductibility of the wage compensation in the form of a holiday as part…