Tax & Legal Update
ViDA : key changes to VAT and their impact on EU business
The European Union reached a major milestone in tax policy when the ECOFIN Council approved a package of measures aimed at modernising VAT rules, known as the VAT in the Digital Age (ViDA) Directive in early November 2024. This comes after almost…
Pillar Two: Exchange of information on information returns within EU (DAC 9)
The European Commission is proposing a single framework for exchanging information on top-up tax information returns, which would allow the filing of a single information return within the EU. The proposal includes a single format for information…
Ministry of Finance: new Accounting Act to take effect only from 2026
The Ministry of Finance has published an updated working version of the draft of the new Accounting Act and has confirmed that it is expected to come into effect from January 2026 at the earliest.
Event invitations
All eventsVAT Act amendment coming into effect: overview of main changes
The chamber of deputies has approved an amendment to the VAT Act in its third reading. The senate is expected to approve the chamber's wording, and the planned effective date of 1 January 2025 will therefore be adhered to. Certain changes, in…
Subsidies for charging station constructions
From 14 October 2024, applications can be submitted for support under Calls 30 and 31 of the Operational Programme Transport 2021– 2027, which aim to support the development of fast-charging infrastructure for passenger vehicles.
New regulation of kratom and low-level THC content cannabis
‘New’ or ‘designer’ drugs like kratom are rapidly changing the market of addictive substances, and their sale needs to be regulated. Under the new rules, it will only be possible to buy such products in specialised shops. Rules are also being…
Taxes Chamber of deputies: proposal to abolish notified agreement scheme
The planned introduction of a ‘notified agreement’ scheme for agreements to perform work outside employment is likely to be cancelled. A proposal has also been submitted in the chamber of deputies to abolish mandatory social security and health…
New limit for health-related benefits
The chamber of deputies is currently debating an amendment to the Employment Act and other changes to laws. In the area of income tax, it is proposed to introduce a new limit specifically for health benefits, up to the amount of average wage. The…
CJEU: Veggie burgers can be called burgers
Member states may not prohibit the use of names associated with animal-based products for plant-based foods if there is no specific legal definition of such names. Thus, according to the Court of Justice of the EU (CJEU), it is not possible to…