Article
Tax News
November 2019
Amendments in the provisions of the Local Taxes and Fees Act
The draft bill for amending the Corporate Income Tax Act also contains proposals for amendments and additions to certain provisions of the Local Taxes and Fees Act (“LTFA”).
The proposal for introducing alternative methods to determine the tax base for real estate tax (“RET”) will likely concern a number of companies that own real estates .
Exit Taxation
Provisions in the draft bill for amendment of the Corporate Income Tax Act (“CITA”) aim to transpose the rules for exit taxation, described in Art. 5 of Council Directive 2016/1164 of the European Union ("ATAD").
The proposed provisions will extend the scope of taxable transfers of assets between different parts of the same entity.