Insights

The beginning of 2022 signalled to what was to be a turbulent year for both European and global market, as Russia invaded Ukraine on 24 February. Trends that were already in play in 2021, rising inflation and higher borrowing costs, were greatly amplified. The war unleashed supply shocks, notably in the wholesale gas market.

Welcome to the seventh annual Mazars Central and Eastern European (CEE) tax guide, and once again it focuses on the changes in the tax systems of the region. During our review, we have observed big variations in tax strategies across the countries: some increased their consumption taxes, others introduced income tax hikes, and we also witnessed novel solutions such as sectoral crisis taxes, the introduction of direct price regulation schemes, and new taxes, all of which have placed additional burdens on economic actors. It’s also clear that while unique approaches exist, some countries are taking ideas from their neighbours.

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