Estonia is looking at reforming its tax system and the legal profession's standards, amid overall economic uncertainty that is impacting banking, finance, and start-ups, according to TGS Baltic Partner Kirsti Pent.
Governance: Part 2 – Corporate Culture and Business Conduct
Governance is primarily covered in the ESRS G1 Business Conduct section of the European Sustainability Reporting Standards framework (ESRS, November 2022 draft). Requirement G1-1 represents one of its six main areas. In this article, we cover the information required for reports under the G1-1 Corporate Culture and Business Conduct requirement.
Tax and Labor Changes for Busy Czech Republic Markets: A Buzz Interview with Karla Rundtova of Kinstellar
A rather busy M&A market in the Czech Republic – with the IT, industrial, and energy sectors spearheading economic bustle – will soon face important legislative updates regarding the tax system and labor regulations, according to Kinstellar Partner Karla Rundtova.
Tax Incentives for Research and Development
Recent years have seen the amendment of multiple tax regulations that have introduced numerous incentives for a variety of taxpayers. These tax breaks have made Serbia a highly attractive country for foreign investment, which has in turn led to the development of a start-up ecosystem, job creation and more benefits for employees, and growth in several industries, most notably information technology (IT).
Mandatory E-Invoicing Proposal Within the EU from 2028
From 1 January 2028, e-invoices will be mandatory for cross-border supplies of goods or services. with corresponding ‘near-real time’ reporting. The current maximum issuance requirement of 45 days post-taxable event is proposed to be shortened to just two days.
Ukraine Enacts Law Implementing International Standards for Automatic Exchange of Financial Account Information
A new law implementing a wide range of international agreements and standards is aimed at improving global transparency in Ukrainian tax reporting and will have implications for a variety of taxpayers.
Tax Changes Pursued by the New Government
Following the general election, the new coalition government has committed to balancing the state budget and consequently revealed many intended taxation changes. While these ideas are not yet set in stone, here are the key changes that could be expected based on what has been communicated.