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Estonian CIT from 2021, i.e. flat rate on income in capital companies

An amendment of the corporate income tax act is planned to take effect next year. The amendment introduces a new taxation system, which is a form of a flat rate tax on income derived by capital companies, dubbed as “Estonian CIT”. According to the explanatory memorandum recently published by the Ministry of Finance, the planned […]

TAX ALERT 2020 / 09 / 15

SLIM VAT – simplification of VAT settlements

The Ministry of Finance published a proposal of simplification of VAT settlements. The SLIM VAT project implements changes in four areas.

TAX ALERT 2020 / 07 / 17

Amendment to regulations on hybrid mismatches, quick fixes and MDR

On 22 June 2020 the President signed an amendment passed by the Sejm on 28 May 2020 concerning, without limitation, the acts on: CIT, VAT, tax information exchange with other countries, and the Tax Code.

TAX ALERT 2020 / 06 / 25

SHIELD 4.0 – changes to tax regulations

Last Friday, on 19 June 2020, the Sejm passed the Act on subsidies to interest on bank loans provided to COVID-19-affected entrepreneurs and on simplified procedure for approval of a composition in connection with COVID-19 (hereinafter “the Act”), also known as Shield 4.0. The Act also amends tax regulations.

TAX ALERT 2020 / 06 / 23

Amendment to income tax, VAT and the Tax Code adopted by the Sejm

On 6 May 2020, the Sejm passed an amendment to the Corporate Income Tax Act (CIT Act), the Personal Income Tax Act (PIT Act), the Flat-rate Income Tax and Tax on Goods and Services Act (the VAT Act) as well as the Tax Code. The bill will now be considered by the Senate, at the moment it is examined by the Budget and Public Finance Committee.

TAX ALERT 2020 / 05 / 15

The European Court of Justice passes a positive judgment on VAT (fixed establishment)

On 7 May 2020, the European Court of Justice (“ECJ” or “Court”) passed a judgment in case C-547/18 involving Dong Yang Electronics, a company established in Poland, concerning the fixed establishment for VAT purposes. In the judgment, the ECJ held that provisions of Directive 2006/112/EC and the Council Implementing Regulation (EU) No 282/2011 should be interpreted […]

TAX ALERT 2020 / 05 / 07

COVID-19: Key EMPLOYMENT LAW support policies in Europe

In the difficult times for business solidarity and team work are one of the fundations of crisis management.  Based on this values, in cooperation in with European Andersen offices we have prepared legal insight crucial for employers in most of European countries. We are pleased to present you Andersen Europe Service Line brochure regarding employment […]

2020 / 04 / 10

Anti-Crisis Shield – tax reliefs

The Bill of Amendment to the Act on special solutions for prevention, counteracting and combatting COVID-19, other infectious diseases, and the resultant crisis, and to some other acts was made available on 21 March 2020. The Bill introduces the so-called anti-crisis shield intended to protect enterprises which are facing difficulties due to SARS-COV-2 pandemic.

TAX ALERT 2020 / 03 / 23

The Protection Package prepared by the Government for business in connection with the epidemic

The session of the Ministerial Council convened by the President on 18 March 2020 gave rise to a draft entitled “Economic and social anti-crisis shield for the security of entrepreneurs and employees in connection with SARS-Cov-2 pandemic”.

TAX ALERT 2020 / 03 / 18

Possible relief or write-off of tax arrears for entrepreneurs due to the coronavirus

With regard to the dynamic development of the epidemiological situation related to the spread of the SARS-CoV-2 coronavirus, in the communication of 11 March 2020, the Ministry of Finance announced that those entrepreneurs who experience difficulties with the timely payment of their taxes as a result of the epidemic may request a tax relief or a write-off of their tax arrears.

TAX ALERT 2020 / 03 / 16

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