Central Europe Tax&Legal Highlights

News

Central Europe Tax & Legal Highlights

February 2018

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

Bulgaria

Amendment to Ordinance No. 11 of 2002 on the International Carriage of Passengers and Goods by Road
The changes aim to reinforce the requirements for reliability of the license holder

Read more (PDF)

Find out more about Tax & Legal services in Bulgaria

Croatia

Imports VAT as reporting category
New Regulations governing payment of VAT on import of machines and equipment through VAT return from 1 January 2018.

Read more (PDF)

Find out more about Tax & Legal services in Croatia

Czech Republic

The Proposed Amendment to the ITA Brings Changes for Both Legal Entities and Individuals
The Ministry of Finance has released a proposed amendment to the Income Taxes Act (the “ITA”) for consultation, through which the new anti-tax avoidance principles arising from the ATAD Directive (Council Directive EU 2016/1164 of 12 July 2017) should be implemented, including the abolition of the “super-gross salary” and the “solidarity tax surcharge”, while, at the same time, increasing the personal income tax rate.

A Change in the Treatment of Tax Exemption of Income from Royalty and Interest Payments?

A New Form of the TP Attachment to the Corporate Income Tax Return

Upcoming Amendment to the VAT Act

Supreme Administrative Court Ruling on the Rejection of a Tax Deduction Claim

The Czech Republic wants to amend the rules for posting employees in the EU

Read more (PDF)

Find out more about Tax & Legal services in Czech Republic

Kosovo

Kosovo Implements new Law on Standardization No. 06/L-019
The Standardization Law sets forth rules and principles for developing activities of standardization in the Republic of Kosovo, and the organization and functioning of the Kosovo Standardization Agency.

Kosovo Passes New Law on Immovable Property Tax No. 06/L-005
This Law establishes the tax on immovable property and sets out the fundamental rules and procedures for the administration of the immovable property tax by the Municipalities and the Ministry of Finance.

Read more (PDF)

Find out more about Tax & Legal services in Kosovo

Lithuania

Lithuanian Supreme Court emphasized the importance of companies‘ obligation to disclose registered seat information to the Commercial Register (JAR)
On 3 January 2018 the Lithuanian Supreme Court (the Court) has, in the civil case No 2-68-3-08960-2016-1, assessed the importance of information on the legal persons‘ registered seat in the JAR to the delivery of procedural documents during the court proceedings.

The Court clarified what information can be treated as confidential during public procurement
On 4 January 2018 the Lithuanian Supreme Court (the Court) adopted a ruling in a civil case No e3K-3-16-378/2018 (the Ruling) on the concept of confidential information in the public procurement.

New case law on seller‘s duty to guarantee the quality of the product and on the protection of buyer’s rights
On 7 February 2018 the Lithuanian Supreme Court (the Court) has, in the civil case No e3K-3-5-915/2018, examined the obligations of the seller during the product’s warranty period and other questions, related to consumers’ remedies.

New disclosure obligations for partnerships
Partnerships will have to disclose information on their partners to the administrator of the information system of stakeholders of legal persons (JADIS).

Read more (PDF)

Find out more about Tax & Legal services in Lithuania

Poland

Mandatory electronic filing of financial statements. The President signs the Act
On 12 February 2018, the President signed the Act changing the Act on the National Court Register, which also introduced amendments to the PIT Act, the CIT Act and the Accounting Act. The adopted amendments introduce the requirement of electronic filing of financial statements for entities obliged to keep their accounting records in accordance with the Accounting Act and those who keep full accounting records.

Transfer Pricing - extension of the deadlines for transfer pricing documentation
On Friday, February 16, 2018 Polish Ministry of Finance announced to be working on approx. 6 months extension of the deadlines for transfer pricing documentation and CIT-TP/PIT-TP forms regarding transactions made by taxpayers in 2017 and 2018.

The Bill on employees’ capital pension scheme (PPK) is already available on the website of the Government Legislation Centre. The new law will come into effect as of 1 January 2019.
The Government Legislation Centre published the long-awaited Bill on employees’ capital pension scheme on its website.

Read more (PDF)

Find out more about Tax & Legal services in Poland

Romania

Implementation of the New Customs Code - European Commission’s conclusions
In a report published at the end of January on the implementation of the new Customs Code, the European Commission announced, among other things, the amendment of the exporter's definition from the customs legislation’s perspective.

The electronic transport document can be used as a transit declaration
The electronic transport document can be used as a transit declaration for air transport is one of the main changes to the EU Convention on the Common Transit Procedure.

The companies intending to import, export or produce controlled substances that deplete the ozone layer must register before 8 May 2018
Companies which, in 2019, intend to import or export ozone-depleting substances or which intend to produce or import these substances for essential laboratory and analytical uses, must obtain a license, according to the Notice issued by the European Commission.

Read more (PDF)

Find out more about Tax & Legal services in Romania.

Serbia

New Ministry of Finance ruling – Value Added Tax

  • Tax treatment of ’’cash back’’ services
  • Tax treatment of transport services related to import of goods within customs warehousing proceedings
  • The right to deduct VAT computed on import of goods
  • Taxation of cross-border rental of equipment

 

New Ministry of Finance ruling – Corporate Income Tax

  • Recognizing expenses in the tax balance due to foreign currency exchange losses and the effects of the currency clause
  • Recognizing expenses in the taxpayer’s balance based on impairment of share in the capital of a subsidiary company

 

Read more (PDF)

Find out more about Tax & Legal services in Serbia

Slovakia

Amendment to the Labour Code
The amendment is intended to improve employees’ working conditions.

Publication of Electronic Corporate Income Tax Return Form for 2017
Electronic corporate income tax return forms for 2017 were published on the official website of the Financial Administration of the Slovak Republic on 6 February 2018.

Read more (PDF)

Find out more about Tax & Legal services in Slovakia

Subscribe to receive Central Europe Tax & Legal Hightlights to your mailbox.