Tax & Legal Update
Increasing competitiveness of EU companies: faster depreciation and tax breaks
The European Commission has recently presented its Clean Industrial Deal, a new initiative aiming to boost competitiveness of EU businesses and promote decarbonisation. Under the initiative, a new state aid framework is to be established allowing EU…
Simplifying ESG rules: reporting and due diligence
The European Commission has presented the Omnibus I (ESG) and Omnibus II (investment) legislative packages, which aim to simplify ESG reporting rules and reduce the administrative burden for businesses. The initiative is part of a broader effort to…
Contest marketing and income tax: what to watch out for
When preparing marketing contests, it is important that organisers bear in mind possible tax implications. The taxation of winnings, VAT deductions, or the tax deductibility of costs – all these affect the financial efficiency of contest marketing.…
SAC: tax deductibility of advertising and promotion costs
Companies must be able to prove that their advertising and promotion costs were actually incurred in connection with generating, securing and maintaining taxable income. This basic rule for the tax deductibility of costs has yet again been confirmed…
Introduction of digital systems for EU travel delayed
The European Union is working on the introduction of two new digital systems to track and record the travel of foreigners into the Schengen area: the Entry/Exit System (EES) and the European Travel Information and Authorisation System (ETIAS). These…
Simplified CBAM application rules
The European Commission has presented new packages of legislative proposals (Omnibus I and II) aiming to simplify the current EU environmental rules. This will promote a more business-friendly environment allowing European companies to grow,…
Working conditions under scrutiny – deputies pass ‘Flexinovela’
At the beginning of March, the chamber of deputies approved a closely watched amendment to the Labour Code, the ‘Flexinovela’, which will introduce significant changes. It will now be discussed by the senate and then submitted to the president for…
Verification of signature of share transfer agreement by attorney
The Supreme Court (SC) dealt with the question of the validity of an agreement on the transfer of shares in a limited liability company where the signature of the transferee was verified by an attorney who at the same time signed the share transfer…
Transfer pricing when processing raw materials: new case law
Recent case law provides a new perspective on the method of setting transfer prices in situations where a taxpayer formally owns raw materials but all risks associated with the ownership are borne by another party. The judgment may have implications…