Tax & Legal Update
Employee stock option plans: senate approves taxation amendment
In the autumn of last year, a draft amendment to the Income Tax Act (and insurance laws) concerning the taxation of income from employee stock option plans was added as a legislative rider to the draft amendment to the Act on Child Care Services in…
New import tariffs between Europe and US on horizon
The change in the political representation of the United States of America is causing considerable tension in international trade. President Donald Trump wants to impose retaliatory tariffs on imports of goods into the United States, which will…
Income tax and VAT aspects of technical improvements to leased assets
The termination of a lease of premises to which the lessee carried out technical improvement may have significant tax implications for both the lessee and the lessor. If, with the lessor's consent, the lessee makes technical improvement to the…
Labour Inspectorate against disguised employment mediation
Inspection activities targeting disguised employment mediation have long been a priority for the Labour Inspectorate. Typical examples of this illegal outsourcing are situations where a company is short of employees and decides to subcontract…
Electronic signature - easy, fast, legally binding, and worry-free
A simple electronic signature is often perceived as less reliable than a handwritten signature on paper because it is not easy to prove who created it. However, recent court decisions have confirmed that it is fully valid for most common legal…
Employment legislation - what changes apply since 2025?
On 1 January 2025, the long-awaited amendment to the Employment Act entered into effect, bringing changes in labour inspection activities and the employment of persons with disabilities. The aim is to encourage employers to employ more persons with…
SAC on proving tax deductibility of repair costs
The Supreme Administrative Court (SAC) ruled on the issue of proving the tax deductibility of costs for the overhaul of an evaporator. In its judgment No. 2 Afs 70/2024, the SAC confirmed that the burden of proof lies with the taxpayer who must…
Stricter rules on employment of foreigners on horizon
In connection with the preparation of the new Foreigners’ Residence Act, the Ministry of Labour and Social Affairs proposes to introduce into the Employment Act a verified employer concept.
AMLA: new player in fight against money laundering and terrorist financing
The European Union is stepping up its fight against money laundering and terrorist financing. Last year, the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) was created. Based in Frankfurt am Main, it will…