Central Europe Tax&Legal Highlights

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Central Europe Tax & Legal Highlights

March 2020

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.

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Croatia

COVID-19 economic measures: Deferral of tax liabilities
    
Amendments to the General Tax Act Implementing Regulations (Amendments) entered into force on 24 March 2020, enabling implementation of COVID-19 tax measures. 

    
The Croatian Government job preservation measures
    
Croatian Employment Service issued measures aiming to preserve jobs in special circumstances of COVID-19 pandemic.


Updates on COVID-19 economic measures in Croatia

During the session of 2 April 2020, the Croatian Government announced new set of economic measures that will be subject to the parliamentary procedure in coming days. We will publish summary of the measures on our COVID-19 website available on the following link:


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Czech Republic

COVID-19: Stabilisation package II, an overview of the existing measures for taxpayers and COVID loan programme
    
The Government has published additional measures for taxpayers and businesses to mitigate the impacts of the coronavirus pandemic (the so called “stabilisation and liberalisation package II”). A part of the drafts is subject to approval by the Parliament that should consider the proposals in the state of legislative emergency. No key tax measures have been approved yet for large and medium-sized companies. Most amendments relate to the postponement of tax payment to 2021 or remission of various sanctions but in effect, no tax liability is to be remitted. Partial salary payment (“kurzarbeit”) and provision of loans may be considered an effective aid for businesses. Individual amendments approved are outlined below.


CJEU: No Requirement to Offset Prior Tax Losses After Transfer of Tax Residence
    
The Court of Justice of the European Union (CJEU) issued its decision on 27 February 2020 in the AURES case (C-405/18) referred by the Czech Supreme Administrative Court in 2018, concluding that tax losses incurred in another EU member state should not be taken into account by the host state after a company transferred its place of management to that state.


Amendments to Digital Tax Act: 7% Tax Rate Possibly to Decrease
    
The legislative process of passing the Digital Tax Act has not yet come to an end. At present, the act is being considered by the parliamentary Committee on the Budget that is preparing its motions to amend. What are the developments of the digital tax? What changes have been made to the bill in question? What changes may be expected in the coming months?


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Kosova

Government Ruling Extends Deadlines for Tax Filing and Accounting Reporting due in March
     
The Government of Kosovo has issued Rulings No. 25/2020 and Ruling of 19.03.2020 to ease the tax and accounting reporting burden on Kosovo businesses amidst the Covid-19 Crisis


Government Issues Ruling on Gradual Application of Trade Reciprocity Principle with Serbia
     
The Government of Kosovo has repealed Rulings No. 01/76 and No. 06/82 that imposed punitive import tariffs of 100% on goods from Serbia and Bosnia and Herzegovina


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Poland

JPK_V7M and JPK_V7K applicable from 1 July 2020. Entry into force likely to be postponed for large enterprises
      
It appears that provisions regarding new VAT records for large enterprises will come into effect only on 1 July 2020. With the spread of the coronavirus in Poland and potential business disruptions, the Ministry of Development is working on the draft special-purpose act. This is good news. Perhaps more time will allow various doubts as to the provisions concerning JPK_V7M and JPK_V7K to become dispelled.


Polish Investment Zone – tax-related explanations published by the Ministry of Finance
      
10 March saw the Ministry of Finance publish tax-related explanations concerning the manner of determining tax-exempt income generated within the so-called Polish Investment Zone from business activities specified in support decisions. It has done so as announced, though certainly later than was expected.


“Anti-crisis Shield” Act
Analysis of governmental business support package


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Slovakia

Restrictions on Entering the Slovak Republic by Foreigners
      
From 13 March 2020, foreigners may not enter the Slovak Republic. Only residents of the Slovak Republic and foreigners with permanent or temporary residence in the Slovak Republic may enter the territory. In addition, if a person enters the Slovak Republic after 13 March 2020, they are subject to a 14-day quarantine.

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