Tax & Legal Update
Lawyers to verify electronic signatures
A new decree allowing lawyers (attorneys-at-law) to verify electronically signed documents should soon enter into force. This novelty will make life easier for (not only) entrepreneurs in business dealings.
SAC on tax deductibility of provisions for repairs of tangible assets
In its recent judgment, the Supreme Administrative Court dealt with the creation of provisions for repairs of tangible assets under the Reserves Act. The key issue was the (non-) fulfilment of the condition that provisions may only be created for…
CJEU Advocate General: transfer pricing and VAT treatment
In his opinion (C-726/23), Advocate General Jean Richard de la Tour stated that remuneration for intra-group services calculated using the transactional net margin method as recommended by the OECD should be regarded as consideration for services…
Recovering VAT on bad debts in 2025
Effective from 1 January 2025, the amendment to the VAT Act introduced, among other things, changes concerning the correction of the tax base for bad debts. Let’s look at the changes in more detail.
Disguised tax inspection: SAC on the point of time of its actual commencement
The initiation of a tax inspection does not always have to be connected with a formal notification by the tax administrator, as legislation assumes. In its recent judgment, the Supreme Administrative Court (SAC) noted that a tax inspection has…
CJEU: Assessment of conditions for dividend exemption on subsidiary’s part
The Court of Justice of the EU ruled in a dispute (C-228/24) between a Lithuanian company and the tax authorities regarding the application of the abuse of rights concept under Directive 2011/96/EU on the taxation of parent companies and…
SAC confirms right to interest on wrongly assessed customs duties
In its recent judgment, the Supreme Administrative Court (SAC) has reconsidered its existing case law and granted a taxpayer the right to interest on wrongly assessed customs duty. The SAC emphasised that this right is guaranteed by EU law and that…
Subsidies for research and innovation infrastructure
The Ministry of Industry and Trade has announced a second call in the Infrastructure Services programme under the Operational Programme Technology and Applications for Competitiveness. The call is aimed at supporting the development of research and…
Travellers to US facing increased border controls
President Donald Trump's January executive orders signalled that US immigration policy and its approach to arriving foreigners will tighten. The practical consequences have not been long in coming. Travellers must prepare for more thorough checks on…
Increasing competitiveness of EU companies: faster depreciation and tax breaks
The European Commission has recently presented its Clean Industrial Deal, a new initiative aiming to boost competitiveness of EU businesses and promote decarbonisation. Under the initiative, a new state aid framework is to be established allowing EU…
Simplifying ESG rules: reporting and due diligence
The European Commission has presented the Omnibus I (ESG) and Omnibus II (investment) legislative packages, which aim to simplify ESG reporting rules and reduce the administrative burden for businesses. The initiative is part of a broader effort to…
Contest marketing and income tax: what to watch out for
When preparing marketing contests, it is important that organisers bear in mind possible tax implications. The taxation of winnings, VAT deductions, or the tax deductibility of costs – all these affect the financial efficiency of contest marketing.…