Tax

Are Foreign Legal Entities Obliged to Pay Corporate Income Tax in Serbia?

Bearing in mind the increasingly frequent engagement of foreign legal entities on various projects in Serbia, as well as the fact that during the last year the practice of direct investments by non-residents in Serbia significantly expanded, it is only natural that each transaction in which a legal entity acquires a certain income, raises numerous questions, such as: do non-residents pay income tax in Serbia, in which cases are they obliged to do so, how high is the tax rate, is there an international agreement on avoiding double taxation?

Hungarian Constitutional Court Annulled Retroactive Tax Rule Regarding Statute of Limitation

In its recent decision issued on 27 January 2022, the Constitutional Court annulled an important rule of the Tax Procedure Act with regards the prolongation of limitation period. The decision is fundamentally beneficial for taxpayers, but also triggers some uncertainty for repeated proceedings going forward.

Tax Reform in Montenegro

In “Official Gazette of Montenegro” no. 145/21 and no. 146/21 on 31, December 2021, amendments of the series of laws were published, including Law on Tax Administration, Law on Personal Income Tax, Law on Corporate Income Tax, Law on Contributions for Compulsory Social Insurance, Law on Compulsory Health Insurance, Labor Law, Law on Companies.

Rait Kaarma Joins Pohla & Hallmagi as Partner and Head of Tax

Former Kaarma & Kaldvee Partner Rait Kaarma has joined Pohla & Hallmagi as Partner and Head of Tax. Also joining with Kaarma, from his old firm, is Attorney Elena Lass.

Ukrainе Incentivizes Investments In and Operation of IT-related and R&D Projects

In 2021 Ukraine enacted a set of laws ("Diia City laws") aimed at introducing a legal framework as well as tax, social security, labour and certain other incentives for Ukrainian businesses that derive all or almost all their revenues from R&D and IT-related activities (also known as "DIIA CITY").

Romania: Happy New Year, Happy New Tax Rules!

Romanian taxpayers had an exciting start to the year with the Government introducing changes to the country's main tax laws – the Fiscal Code and the Tax Procedural Code. These amendments, which follow others announced at the end of last year, were introduced in accelerated fashion, having been debated for only a few days prior to adoption.

Ukraine Launches New Law Enforcement Agency

On 24 November 2021, Ukraine launched a new law enforcement authority – the Bureau of Economic Security of Ukraine (“BES”). BES will focus on analytical activities aimed at early detection of risks in the economy, as well as pre-trial investigation of certain criminal offences.