News Legal Updates By Practice Area

Slava Vlasov has replaced retiring Camiel van der Meij as Leader of Tax and Legal Services at PwC in Ukraine.

The personal income tax exemption for mothers with four or more children will come into effect as of January 2020. In connection with the seven-step family protection action plan starting on 1 July 2019, this is another significant benefit for mothers. The tax exemption does not affect the family tax advantage, which can still be claimed by both parents.

Popovici Nitu Stoica & Asociatii has advised Dedeman on its acquisition of The Bridge 2 office complex in Bucharest — the second phase of The Bridge project — from developer Forte Partners.

SPCG Studnicki, Pleszka, Cwiakalski, Gorski has successfully represented Air Liquide Global E&C Solutions Poland S.A. in Poland's Supreme Administrative Court regarding corporate income tax.

The European Court of Justice (ECJ) has declared in a recent case that when checking VAT transactions, the tax authority cannot ignore examining the full budgetary impact. Thus it is not acceptable for the authorities to deny the right of VAT deduction to a taxpayer without allowing the other taxpayer to accordingly reclaim the VAT that it paid. Furthermore, the court also found it unacceptable for the tax authority to base a fine only on the amount of the VAT deducted unlawfully without examining the tax shortfall actually caused. The ruling can be considered as another important step towards the creation of a fair VAT system.

Ksenia Litvinova has been promoted to partner at the Pepeliaev Group.