Major changes have come into force under the 2023 tax law amendments in Hungary, which mainly include reliefs, such as the extension of the application of the 5% VAT rate on the sale of new housing on the one hand, but on the other hand, bring restrictions to real property related duties.
Novelties in Tax Procedures – What You Need to Know
Amendments to the Tax Procedures and Tax Administration Act (“Act“) were adopted and entered into force on December 20, 2022. The following is a reminder of the most significant changes you should keep an eye on.
IP, Tax, Labor, and Corporate Practices Busy in Ukraine: A Buzz Interview with Serhiy Piontkovsky of Baker McKenzie
While Ukrainian law firms have to deal with issues ranging from power outages to effective work distribution, their intellectual property, tax, labor, and corporate law practices remain relatively busy, according to Baker McKenzie Managing Partner Serhiy Piontkovsky.
Aleksandra Dobrzynska-Grezel, Marek Kanczew, Jakub Krzemien, and Katarzyna Lukaszewicz Make Partner at Rymarz Zdort Maruta
Former Counsels Aleksandra Dobrzynska-Grezel, Marek Kanczew, Jakub Krzemien, and Katarzyna Lukaszewicz have been promoted to Partners at Rymarz Zdort Maruta.
Alcoholic Beverages - Serbian Legal Framework
Our current publication is in detail Serbian Legal Framework for alcoholic beverages. It thoroughly analyses governmental approvals required to market alcoholic beverages, advertising restrictions, licensing and distribution requirements and restrictions, permissible product ingredients, and practical compliance issues.
North Macedonia's New Law of Solidarity Sets Dangerous Precedent with Unconstitutional Retroactive Effect
The government of Republic of North Macedonia recently introduced a new tax law for solidarity, in an effort to address the consequences of the crisis. In response to the difficult economic and energy crisis faced by vulnerable citizens, as well as companies that have experienced significant increases in revenue as a result of the crisis, the government has implemented a series of measures including subsidies, social protection, tax exemptions, and financial support for domestic energy companies.
Definition of Capital Commitments and its Effects on Taxation in the Event of Failure to Pay the Capital on Due Date
Commercial companies need capital to execute its business activities. Thus, paying the capital is regarded as the fundamental obligation of partners. In accordance with this, partners who do not pay their capital share on due date will be held liable accordingly to the private law in the context of TCC.
In addition to this, it is seen that this breach is sometimes interpreted as distribution of disguised profit through transfer pricing in the context of Corporate Tax Code (“CTC”).