Tax & Legal Update
Increase in limits for small-scale public contracts and other significant changes…
On 3 April 2025, an amendment to the Public Procurement Act entered into force increasing the limits for small-scale public procurement and bringing other significant changes that will affect "public tenders".
SAC confirms right to interest on wrongly assessed customs duties
In its recent judgment, the Supreme Administrative Court (SAC) has reconsidered its existing case law and granted a taxpayer the right to interest on wrongly assessed customs duty. The SAC emphasised that this right is guaranteed by EU law and that…
Subsidies for research and innovation infrastructure
The Ministry of Industry and Trade has announced a second call in the Infrastructure Services programme under the Operational Programme Technology and Applications for Competitiveness. The call is aimed at supporting the development of research and…
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…
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…
European Union responds to US tariffs with retaliation
Last month, the US administration led by President Donald Trump imposed 25 percent tariffs on steel and aluminium imports from Europe. In response, the European Commission is imposing retaliatory tariffs on a wide range of US goods.
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,…