Archives for 2018

Registration of beneficial owners The register of information regarding the beneficial owners of legal entities (hereinafter the “register of beneficial owners”) has been in operation for almost one year. As we previously informed you in November 2017, in our News 17/2017, the register of beneficial owners was established so that legal entities entered in a public […]

Autumn issue of the WTS Tax Bridge newsletter: Differences in the Common System of VAT in Central and Eastern European Countries Although VAT is the most harmonized tax within the European Union, there are some exceptions in the Common System of VAT in the various Member States. However, these exceptions are allowed by the EU VAT Directive in the vast majority […]

Amendment to the VAT Act effective from 2019 The Ministry of Finance has prepared an extensive amendment to the VAT Act that should come into effect (with certain exceptions) in 2019. The Government presented the draft to the Lower House (Chamber of Deputies) in June 2018. As the Chamber of Deputies has only begun to […]

Second WTS Tax Bridge: Establishing a Company in Central and Eastern Europe. We would like to introduce you to the second issue of the WTS Tax Bridge newsletter for Central and Eastern Europe. The quarterly WTS Tax Bridge newsletter will deal with interesting tax and legal topics from the perspective of different Central and Eastern European […]

2019 Tax Package People tend to be more relaxed than busy in these sultry summer days and it’s the silly season in the media. However, tax specialists can’t complain about having nothing to do. In June, the Government adopted a set of tax amendments traditionally referred to as the ‘tax package’. This tax package, containing, in […]

First WTS Tax Bridge: Issue Permanent Establishments in Central and Eastern Europe We would like to introduce you to the first issue of the WTS Tax Bridge newsletter for Central and Eastern Europe. The quarterly WTS Tax Bridge newsletter will deal with interesting tax and legal topics from the perspective of different Central and Eastern […]

Pros and cons of the amendment to the Construction Act The amendment to the Construction Act came into force on 1 January 2018. It aims to simplify and accelerate building permit procedures. Efforts have been made to make life easier for all building owners. For now, we can only estimate to what extent the legislators have […]

Amendment to the Act on the Electronic Registration of Sales The Constitutional Court has decided to cancel certain provisions of the Act on the Electronic Registration of Sales (EET), acting on a proposal from a group of deputies. The major changes and anticipated legislative measures are described below. What will change and from when will the changes […]

Stricter conditions for VAT exemption of services directly related to the export or import of goods The General Financial Directorate has published Information on the application of VAT to services directly related to the import and export of goods exempt from VAT within the meaning of Sec. 69 of the VAT Act. The Information was issued […]