Sorainen has promoted nine new Partners in three different countries. Estonia's Kaido Kunnapas and Katlin Krisak, Lithuania's Simonas Skukauskas, Monika Malisauskaite-Vaupsiene, Evaldas Dudonis, Kazimieras Karpickis, and Indre Sceponiene, and Belarus' Ann Laevskaya and Kirill Laptev have all joined the Sorainen partnership at the beginning of 2022.
Rokas Jankus and Edvinas Lenkauskas Make Partner at Motieka & Audzevicius
Rokas Jankus and Edvinas Lenkauskas have been promoted to Partner at Motieka & Audzevicius, as of January 1, 2022.
ECJ Backs Deduction of VAT on ‘Overpriced’ Services in Hungarian Case
The European Court of Justice (ECJ) confirmed once again that VAT deduction is fundamental part of the VAT mechanism and thus can only be narrowly restricted or limited.
Tax Reductions from 1 January 2022
Mihály Varga, Minister of Finance of Hungary has introduced many changes in tax legislation as of 1 January 2022 with an estimated HUF 750 billion to be left at the private sector. According to the statement of the Minister, tax reductions became achievable, as the economic growth of Hungary rose over 6,1%.
Romanian Customs Authority
Starting with December 10, 2021, the customs activity currently under the auspices of the National Tax Administration Agency (“ANAF”) will be developed by the Romanian Customs Authority, founded by way of Law no. 268 of November 10, 2021, on the establishment of the Romanian Customs Authority and for the amendment of certain normative acts (“Law no. 268/2021”).
Significant Minimum Wage Increase Confirmed in Hungary
From 2022 the new general gross minimum wage will be HUF 200,000 (approximately EUR 550).
ECJ’s Ruling in Favour of Boehringer - Pharmaceutical Companies May Retroactively Reduce Their VAT Liabilities
The Hungarian State unlawfully collected a sizeable amount of VAT from pharmaceutical companies ruled the European Court of Justice (ECJ) in a recent preliminary ruling procedure, initiated by Boehringer Ingelheim against the Hungarian tax authority.