Taxes
Clearer outline of tax on selected digital services
The Ministry of Finance has prepared a digital service tax bill, proposing a tax rate of 7% on selected digital services. Entities liable to this tax will be companies included in corporate groups having a worldwide turnover of more than EUR 750…
New call to receive support for energy saving measures in enterprises
The Ministry of Industry and Trade announced the fifth call within the Energy Savings programme on 16 July 2019, aiming to provide support to businesses adopting energy savings measures in their enterprises (including the use of energy from…
One step closer to efficient resolution of disputes arising from interpretation of…
The governmental bill on international cooperation in resolution of tax-related disputes in the EU has been submitted to the Chamber of Deputies. The bill responds to the necessity to implement the EU Directive on tax dispute resolution mechanisms…
GFD sheds light on application of VAT on vouchers
The General Financial Directorate (GFD) issued its Information on the Application of VAT on Vouchers, clarifying the application of value added tax on various types of vouchers and illustrating tax implications on several examples from practice.
2018 through the eyes of the Ministry of Finance
What was the last tax year like according to financial administration officials? The published statistics show interesting figures and facts: In 2018, the financial administration completed, among other things, 32 577 tax inspections and procedures…
Watch out for tax inspections! Companies drawing investment incentives surprised by…
Apart from loss-making companies, tax administrators now systematically target transfer pricing in profit-making companies that draw investment incentives.
New Instruction D-34 and translation of TP Guidelines
The financial administration is unifying procedures to determine tax bases affected by transactions between associated enterprises, both domestic and cross-border.
VAT treatment of members of societies finally clarified?
In its May and June sessions, the Coordination Committee commented on the tax treatment of members of societies (former associations) without legal personality. A presentation from the side of the tax advisors dealt with the VAT treatment when…
Are you ready for changes in the VAT ledger statement?
With the recent amendment to the VAT Act, the revised Instruction on Completing the VAT Ledger Statement entered into effect on 1 April 2019. Its most significant changes concern corrections to the tax base for irrecoverable debt. What to watch out…
Amendment to Investment Incentives Act passed by Chamber of Deputies
The new Investment Incentives Act reflects structural changes taking place in the economy since its last amendment in 2015. It introduces several modifications significantly affecting the process of awarding investment incentives: for instance,…
Rate package to tax one-crown bonds
The government has passed a so called rate package aiming to boost public budget revenues. Some points were added to the finance ministry’s original bill, in particular the taxation of one-crown bonds. The proposed taxation of insurers’ technical…
GFD admits a looser interpretation of transitional provisions on R&D allowance
The General Financial Directorate (GFD) published information on the application of transitional provisions of the tax package that entered into effect on 1 April 2019. It mainly concerns research and development allowances and regulates the…