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Central Europe Tax & Legal Highlights

October 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

Croatia
Tax system reform - the most important changes to the tax system that will affect individuals and enterprises, as announced by the Minister of Finance

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Czech Republic
Do not underestimate the preparation for EET: Do you know the answers to some of the practical issues?

Automatic Exchange of Information on Personal Accounts

New Form for Personal Income Tax Return

Transfer prices on trial – and what is the news from the courtroom?

Foreign “Patent Boxes” under New Tax Rules in the Context of the Czech Tax Deduction to Support Research and Development

Tax audits and their impact on the company

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Poland
New obligations on the OTC derivatives market

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Perpetual usufruct charges

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A new bill on exchange of tax information with other countries

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The European Commission calls on Poland to implement the Euro-FATCA Directive

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Planned changes to the rules applicable to completely denatured ethyl alcohol with respect to exemption from excise duty

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Reinstated sanctions and other VAT changes in force as of 1 January 2017

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Amendments to the Code of Civil Proceedings: simplification and digitalization of court and enforcement proceedings

Entities trading in foreign currencies are obliged to report to the National Bank of Poland 

PFSA recommendations for insurers

MAD/MAR Package

Innovative methods of consumers’ personal data processing by financial institutions according to EBA

The Supreme Court’s judgement of 29 April 2016, ref. no. I CSK 206/15 regarding the amount of damages payable for early termination of a lease

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Romania
The dismissal decision on reasons other than disciplinary will be considered valid communicated to the employee by email, the High Court of Cassation and Justice ruled

Law 186/2016 regarding certain measures for some categories of individuals to enroll in the public insurance pension system has been adopted

The new Proposal for a Council Directive on a Common Corporate Tax Base intends to “attribute income to where the value is created”

New mechanism for preventing conflict of interest

New Methodology for the calculation of the maximum price for medicine for human use

Draft Law regarding the approval of the accession of Romania as an associate member to the BEPS project

OECD issues guidance on Action 14 peer reviews

The Combined Nomenclature in force in 2017

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Slovakia
Draft Amendment to Act No. 595/2003 Coll. on Income Tax, as Amended (Hereinafter the “ITA”)

Ruling of the Supreme Administrative Court of the Czech Republic on the Deductibility of a Portion of Tax Expenses

Guidelines on the Deduction of VAT on Taxable Transactions that are a Single Composite Supply or Several Independent Supplies

Information on the Billing of Construction Work for Residential Building Administrators after 1 January 2016

Court of Justice of the European Union – VAT

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