Integrites has successfully represented the interests of the Gradoliya Oil Extraction Plant in two stages of a tax dispute against the Main Directorate of the State Tax Services in the Kirovohrad region, Ukraine.
Real Estate-Related Tax Changes from 1 January 2023
In mid-October 2022, a new bill has been submitted to the Parliament on the amendment of certain tax provisions in relation to real estates. The bill, on the basis of changes in the building regulations, clarifies the definitions of the properties under construction and built-on new properties. Thus, a built-on new property means also a property for which an occupancy permit was already issued, but then, its use or the number of its units changed (e.g. it was converted from a flat to an office) and 2 years have not yet elapsed until its sale. These properties will be sold subject to VAT.
Removed Uncertainties about the Issuance of Fiscal Invoices
An updated version of the Technical Guideline for Administrative and Technical Overview of Functionalities of ESIR or L-PFR – Version 1.14 (“Technical Guideline”) was published on the website of the Tax Administration on October 25, 2022.
Foreign Legal Person and Branch Office in the Republic of Serbia
If one takes into account the applicable Law on Companies of the Republic of Serbia, every branch office, including a branch office of a foreign legal person, represents a separate organizational unit of a company through which such company conducts its business activities in Serbia. A branch office does not hold the status of legal person, it only acts in the name and on behalf of the company that founded it, in the respective legal transactions of the company.
Czech Republic: Are Bitcoin Sales Subject to Income Tax?
As a capital gain arising from foreign exchange activities, the sale of bitcoin for Czech currency is not exempt from income tax.
Trends in the Regulation and Taxation of Crypto – a Summary of the Kochanski & Partners Debate
Kochanski & Partners, the authors of the first metaverse report in Poland, published a follow-up tax themed report on 27 October. “Taxation of Cryptocurrencies and NFTs, and Challenges in the Metaverse” is a comprehensive overview of the tax consequences of events and transactions involving cryptocurrencies and NFTs. The publication was coupled with presentation of the report and an expert debate featuring the participation of representatives of business, new technology market practitioners who deal on a daily basis with crypto, NFTs and the Metaverse, and lawyers specialising in digital economics and taxes.
Romania: Focus on Taxing Online Content Creators
A hot topic in today's Romanian tax world is the activity of online “opinion makers”, i.e. influencers, bloggers and vloggers, and not only, related to the well-known online and social media platforms, according to an investigation carried out by the Romanian tax authorities. “Why?” one may ask.