News

Central Europe Tax & Legal Highlights

15 July- 31 August 2016

Welcome to the Tax & Legal Highlights. This page will provide you with the latest information on tax and legal related issues from around our Central European region. For more specific information – choose your country and find out more about local tax practices and news around the region.

Country Highlights

Albania
Commencement of the second phase of anti-informality campaign

Amendment of the Instruction of the Minister of Finance no. 19, dated 01.09.2011 “On the modalities of the application of excise stamps and fiscal stamps on tobacco, beer and alcoholic products”

Law no. 81/2016, dated 25.07.2016 “On re-evaluation of immovable property

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Bosnia and Herzegovina
FBiH Rulebook on Transfer Pricing

Regulation on amendments on Regulation on amendments to the Rulebook on Personal Income Tax

Instructions on Proceedings with Work Booklet after 30 June 2016

Amendments to the Rulebook on Personal Income Tax

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Bulgaria
Traders in liquid fuels required to provide collateral for VAT to the Bulgarian revenue authorities

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Act on Mortgage Loans for Consumers

Amendments to the Payment Services and Payment Systems Act

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Czech Republic
Beware of Instructions to the Income Tax Return

Tax Authorities Review Private Life Insurance

Change in Customs Inspections after Release of Goods

OECD Guidane on CbC Reporting

Providing Evidence of Income and Asset Declaration

Electronic Records of Sales

Coordination Committees

taxCube: Local Purchases/Sales Report – Error-free, Fast and with a Review

Amendment to the RE Acquisition Tax

Public Country-by-Country reporting within the EU

Limitations to Entities/Exporters as of 1 May 2016

Be prepared for the EU data protection reform

Brexit - European Commission – Proposed Anti-tax Avoidance Package

BEPS developments and other news

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Estonia
Estonia is approaching the finishing line in the transposition of new EU procurement law

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VAT registration threshold most likely increases as from 2018

Plan to apply domestic reverse charge mechanism to metals as from 2017

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Hungary
Increased reporting obligations related to foreign assignees

Amendments to the Labor Code regarding expatriates

Tax and Legal 4Me - Deloitte Hungary has launched its first mobile application focusing on tax and legal issues. The app is available on iOS and Android devices.

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Lithuania
Unemployment and child care allowances will be subject to tax as of 1 January 2017

Application of tax-exempt amount after the increase of minimum monthly wage

The rules of filling and submitting the monthly A-class income tax returns FR0572 and annexes FR0572A, FR0572U have been amended

Amended commentary of the Law on PIT

Increase of the minimum salary

Amendments to the Regulation on Notifications Regarding Seconded Employees

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Changes in Lithuanian Social Security Contributions -New Taxes on Management Bonuses and Introduction of Cap for Social Security Contributions

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Poland
Authentication and communication between payment service providers

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Business entities which have failed to comply with the limitations on energy consumption may face hefty penalties

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New rules applicable to transatlantic data flows

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The Energy Efficiency Act

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The President signs the Shipyard Act

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Withholding tax on net as opposed to gross interest

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Romania
Implementation of Common Reporting Standards (CRS)

New legislation regarding categories of buildings and establishments subject to fire safety permitting and/or authorization

New provisions regarding batteries and accumulators and waste batteries and accumulators

Significant changes brought to Law no. 10/1995 on construction quality

EU Council reached political agreement on the Anti-Tax Avoidance Directive

Submission deadline changed for form 394

Draft Order of the Ministry of Finance - Clarifications related to the implementation of FATCA and CRS

OECD releases guidance on the implementation of Country-by-Country reporting

The new Norms regarding the deduction for corporate income tax purposes for research and development expenses

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Serbia
New Ministry of Finance rulings and a Decision of the Commercial Appellate Court

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Slovakia
Draft Amendment to the Income Tax Act

Directive of the Council of the European Union Amending Directive 2006/112/EC Regarding Voucher Use

Information on the Use of Simplified Customs Procedures Following the Adoption of the

Union’s Customs Code

Court of Justice of the European Union – VAT

Automatic Launching of Electronic Mailboxes Pursuant to the e-Government Act

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Slovenia
Planned amendments of the tax brackets and general allowance threshold 

Planned increase of CIT rate

Changes to goodwill amortization

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Agnieszka Gartel

Deloitte Central Europe Tax Coordinator