Tax

BSJP BNT Helps Kapsch Telematic Services Secure Public Contract

BSJP BNT has helped Kapsch Telematic Services secure a public procurement contract for the provision of direct customer support services for the electronic toll collection system of the National Tax Administration in Poland.

The Hungarian Regulation on Foreigner's VAT Refund Violates EU Rules, According to the Advocate General's Opinion

According to the opinion released yesterday by the advocate general of the European Court of Justice, the Hungarian regulation that prohibits foreign taxpayers from submitting their documents in the second instance (appeal) procedures in VAT refund cases violates European law. If the final judgment will align with this opinion, it would not only simplify the process for foreign businesses to claim VAT refunds in Hungary but would also open the possibility to reclaim previous VAT payments.

US Double Taxation at Gate

In the summer 2022, the United States unilaterally terminated the US-Hungary double tax treaty with Hungary.

Vasil Kisil & Partners Successful for Kischenzi in Tax Dispute

Vasil Kisil & Partners has successfully represented the interests of Kischenzi in a tax dispute.

Legislative Amendments Regarding the Activity of Residents of IT Parks

Law no. 77/2016 on information technology parks will be amended. A project in this regard is currently undergoing repeated public consultations ("Project"). The main amendments included in the Project are as follows:

Amendments to the Montenegrin Law on Corporate Income Tax (CIT Law)

n November 2023 the Government of Montenegro proposed amendments to the CIT Law (Proposal).

Hungary Takes Next Step Towards Introduction of Global Minimum Tax

The Hungarian Ministry of Finance published its draft legislation for the implementation of the global minimum tax rules in Hungary for public consultation in October 2023. The package also contained some limited reasoning and impact assessment and stakeholders had one week to comment on the proposal.