On 26 February 2025, the Senate approved a bill that will make the currently mandatory regime of deferred taxation of income from Employee Stock Ownership Plans (ESOPs) optional. As the President did not sign t…
At the beginning of the year 2025, several changes in the area of personal income taxation came into effect, and in the coming days and weeks, additional changes will come into effect. Below you will find a bri…
The law amending Lex Ukraine has already come into effect. Included in this law is an amendment to the Income Tax Measures related to the armed conflict in Ukraine, which introduces changes to income tax that w…
The subject matter of the dispute is the rejection of an application for exemption from withholding tax on royalty payments in line with Section 38nb of the Income Taxes Act (“ITA”) retroactively. This provisio…
We bring you selected judgments recently issued not only by the Supreme Administrative Court (hereinafter “SAC”) but also by regional courts or the municipal court (hereinafter “RC”). For RC judgments that have…
Until 31 December 2024, the income of natural persons from the sale of securities and shares in business corporations is fully exempt from the personal income tax if the “time test” is met, i.e. 3 years for sec…
On 24 October 2024, a further amendment to the Income Tax Act (ITA) relating to the taxation of income from Employee Stock Ownership Plans (ESOPs) was submitted to the Chamber of Deputies by Amendment No. 5239 …
The Supreme Administrative Court (the “SAC”) has recently expressed its opinion on the legal issue of the possibility of exempting in-kind wages from personal income tax in two judgements: No. 6 Afs 354/2023 an…
The draft of the amendment to the Act on Investment Companies and Investment Funds (hereinafter the “AICIF”), Parliamentary Press No. 570, a part of which is also an amendment to the Income Taxes Act, was signe…