Tax Newsletter - Archive
Forvis Mazars Tax View - archive of tax articles
Financial lease back from the VAT perspective in the light of case law
The General Financial Directorate (hereinafter as the “GFD”) recently expressed its views on the application of VAT on lease back during Coordination Committee No. 592/23.03.22 (hereinafter as the “Committee”), which definitively changed many years of deep-rooted practice when financial lease back was considered to be two separate, mutually-provided transactions.
DAC 6 – practical examples for reporting of cross-border arrangements
At the end of June 2022, the Czech Financial Administration published on its website the expected supplement to questions on the reporting of cross-border arrangements pursuant to Directive DAC 6, which is implemented by the Czech Republic in Act No. 164/2013 Coll., on International Cooperation in Tax Administration (hereinafter referred to as the “Act”). Below you will find a summary of the responses to selected questions.
Deadlines for assessment of the income tax when the tax loss is carried back
The deadline for assessment of the income tax is the period during which the tax authority can start a tax inspection and also the period during which the tax payer is obliged or entitled to submit additional tax returns. In connection with the recently submitted income tax returns and the possibility of claiming an assessed tax loss retrospectively, we would like to mention the effect of this on the deadline for assessment of the income tax.
What the amendment to the Income Tax Act will bring
The Ministry of Finance has submitted to the Chamber of Deputies an amendment to the VAT Act and the Income Tax Act and other related acts. In this Article, we will look at the amendments to the Income Tax Act.
CEE Tax & Payroll Newsletter 2/2022
Get a better overview of the most important changes in tax, labour, and payroll legislation in the CEE region. We have summarised the news from Albania, Austria, Croatia, Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia.
Mazars Central and Eastern European Tax Guide 2022
Mazars published its tenth edition of its regional tax guide, which presents snapshots and comparative charts of the tax systems of 22 CEE countries for 2022.
Mazars Central and Eastern European Tax Guide 2022
Mazars published its tenth edition of its regional tax guide, which presents snapshots and comparative charts of the tax systems of 22 CEE countries for 2022.
Mazars publishes CEE Tax Guide 2022
For the tenth time in 2022, Mazars published its annual CEE Tax Guide that offers up-to-date information on taxation in 22 European countries, including labor costs, corporate profit taxation, and transfer pricing. The guide serves long-term investment decisions by analyzing long-term taxation trends and fundamental changes in the tax regimes, both in comparison with each other and to previous years.
What is new in tax and related laws from January
We inform you about news in the area of indirect taxes in a separate article and in this article we would like to introduce you to the other new regulations that have been published in the last half a year, not only in connection with the war in Ukraine.
A new spectre for VAT payers - the identification of the supplier and the customer
Recently, there have been several new decisions of the Supreme Administrative Court of the Czech Republic (hereinafter referred to as the “SAC”) and the Court of Justice of the EU (hereinafter referred to as the “CJEU” and together with the SAC hereinafter referred to as the “Courts”) concerning the application of VAT in the event that it is not possible to identify actual suppliers or customers by means of proof. Maybe you are asking yourself whether this is happening in your practice at all, since identifying suppliers and customers is no problem at all. However, the aforementioned problem exists, and is huge, especially in the chain supply of goods, and not only in these cases.