Tax & Legal Update
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…
Employers must disclose wages
The European Union has taken a major step towards closing the gender pay gap and strengthening equality in the workplace. EU Directive 2023/970, adopted on 24 April 2023, introduces revolutionary changes to pay transparency and the protection of…
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…
Employee stock option plans: GFD information for 2024 and 2025 taxable periods
The GFD has recently issued its information for employers and employees in connection with employee income from the acquisition of a share in a business corporation or an option to acquire such a share under employee stock and option plans in the…