Tax & Legal Update
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…
First public call under new subsidy programme TWIST
In early December 2024, the Ministry of Industry and Trade announced the first public call under its new programme called TWIST, which supports the research and development of artificial intelligence.
Amendment to VAT Act in effect from new year
The amendment to the VAT Act introduces several key changes that will affect all VAT payers. Selected changes have a delayed effect - e.g., changes in immovable property will apply from 1 July 2025, while some changes in financial services will take…
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.
CJEU: VAT application upon contract termination
The Court of Justice of the European Union (CJEU) has addressed the issue of applying VAT upon the withdrawal from a contract for services. The court concluded that any amount to be paid after withdrawal from a contract for the supply of services is…
UK introduces ETA
The UK continues to digitise its border controls and is introducing ETA, a new electronic travel authorisation system. The system, which is similar to the US’ ESTA, will be mandatory from April 2025 for citizens of the European Union who want to…
Workplace equality after takeover of employees: how to address differences?
A merger, purchase of a part of business, or transfer of activity: these are the typical situations when employees are automatically (by operation of law) transferred from their original employer to the acquiring entity. This process, referred to as…
Subsidy programme to construct charging stations
The Ministry of Transport has announced another call to apply for support for the construction of charging stations, this time in towns and municipalities. Support opportunities have thus been expanded compared to previously announced calls.
VAT deduction: what year-end obligations to watch out for
The end of the calendar year is associated with several obligations related to the right to deduct VAT. If a VAT payer claims a proportional or reduced deduction, it is good to know what needs to be done in the December VAT return. This article…