Tax & Legal Update
Tax administration principles: procedural equality, cooperation, and instruction
Three principles play a key role in the tax system: the principles of procedural equality, cooperation, and instruction. What do they ensure? With this article, we conclude our year-long series presenting to you the various principles of tax…
Lex Ukraine retains tax relief for donations
A draft amendment to Act No. 65/2022 Coll., on certain measures in connection with the armed conflict in the territory of Ukraine caused by the invasion of the Russian Federation, has passed the senate and is now heading for the president's…
Coordination Committee clarifies VAT treatment of employee benefits, leaves open…
The Coordination Committee of the Chamber of Tax Advisors and the General Financial Directorate recently discussed a paper on the VAT treatment of employee benefits and the symbolic payment for a taxable supply. The discussion conclusions confirmed…
Changes in employee taxation in 2025
With the new year come changes in employee taxation and social security and health insurance. Below, we present an overview of the most important issues.
Innovation Fund: subsidies for deployment of low-carbon and innovative technologies
The European Climate, Infrastructure and Environment Executive Agency (CINEA) has announced new calls under the Innovation Fund to support the deployment of highly innovative and low-carbon technologies helping the transition to a low-carbon economy.
New ESPR regulation bans destruction of unsold clothes
The EU has introduced its new Ecodesign for Sustainable Products Regulation (ESPR) which applies to most products and aims to improve their sustainability and promote the circular economy. Below we summarise what exactly the regulation introduces…
Changes in protection of appellations of origin and geographical indications
Currently, the EU does offer any protection of appellations of origin and geographical indications for craft and industrial products and mineral waters and salts. However, this should soon change, and thus, users of existing national protection of…
Changes in taxation of immovable property in 2025
On 1 January 2025, the second part of the amendment to the Real Estate Tax Act, which already in 2024 introduced numerous significant changes, entered into force. Below, we summarise the most important changes for this year.
Proposal to simplify administration – single monthly employer report
From 2026, the Ministry of Labour and Social Affairs wants to launch a single monthly employer reporting project that could significantly reduce the administrative burden for businesses as regards employees, and today's up to 25 different monthly…