Tax

Carbon Border Adjustment Mechanism and EU Sustainable Development Goals

For almost every industry, sustainability involves adopting environmentally and socially responsible practices throughout a company's operations, from sourcing and production to sales and customer engagement. This includes reducing carbon emissions, promoting fair labor practices, supporting the product lifecycle, leveraging blockchain and digital systems, ensuring supply chain transparency, and maintaining ethical governance standards. Therefore, environmental sustainability policies need to be integrated into internal company rules, and, in particular, stakeholders in every sector need to take more responsibility for ESG practices.

Novelties Pertaining to Excise Taxation

The Law on Amendments to the Law on Excise (“the Law”) was published in the Official Gazette of the Republic of Serbia no. 75/2023 of September 6, 2023, and it entered into force on the eighth day after its publishing, i.e., on September 14, 2023, while it shall be applied from October 1, 2023.

On the Horizon: The First Data Submission of the EPR Regime - The Most Important Questions and Answers

As part of the implementation of the European Union's waste management directives, Hungary will also need to apply the rules of the ‘Extended Producer Responsibility’ (EPR) legislation as from 1 July 2023.

No Land Tax Can Be Levied From September 1, 2023

The amendment to the Local Taxes Act, which entered into force on 1 January 2015, allowed local governments to levy a municipal tax on any taxable subject within their jurisdiction that is not prohibited by law and is not subject to a statutory public tax.

More and More Tax Audits – It's Wise to Stay Vigilant

Already last year, it was noticeable that after several years of decline, the Hungarian Tax Authority conducts more and more tax audits. In 2022, the number of tax audits increased by 6.2% compared to the previous year. Experience shows that this trend is expected to continue even more strongly this year. The most commonly audited tax category remains VAT.

Cobalt Successful for Bauer in Tax Dispute with Latvian State Revenue Service

Cobalt has successfully represented Germany's Bauer Spezialtiefbau before the Administrative District Court in a dispute related to a VAT refund for the company against the State Revenue Service of Latvia.

Tomasz Hatylak, Sergiusz Kielian, and Dominika Mizielinska Lead Team in Move to Baker Tilly Legal Poland

Former Path Law Hatylak Kielian i Wspolnicy Partners Tomasz Hatylak, Sergiusz Kielian, and Dominika Mizielinska have joined Baker Tilly Legal Poland in September 2023 together with their 12-member team.