Tax 

Tax administrations in Central Europe tighten their procedures

Tax authorities across Central Europe have significantly tightened their procedures both in relation to the number of audits performed and the manner in which the audits are performed. The primary areas that tax authorities focus on include VAT and transfer pricing. In most Central European countries, tax administrators require taxable entities to provide an increasing amount of evidence during tax audits and they have also begun to focus on the set-up of processes within the companies. 

Tax 

Intercompany Services as a Tax Deductible Expense

Management services or marketing support are the most common types of intercompany services. However, although it is economically justified, the provision of these services presents certain tax challenges that need to be taken into account. Namely given the fact that tax authorities focus more and more of their attention on the issue of intercompany transactions. 

Tax 

The Battle for Professional Secrecy is Over. Or is it…?

The proposed amendment to the Tax Code, about which we have already informed you, was, following heated debates, finally approved by the Chamber of Deputies of the Parliament on 21 March 2018. The original proposal, which substantially exceeded the requirement of the directive on administrative cooperation in the field of taxation on which it should have been based, was, in the end, adopted in a relatively compromising form. 

Tax 

Some Types of Tax Savings to Be Disclosed

In 2018, final political consensus was achieved on the wording of the EU directive, which introduces the obligation to disclose, among other things, such cross-border arrangements, the ultimate goal or one of the main goals of which is achieving tax advantages.