Ukrainian Parliament currently considers bill No 7232 that increases tax rates for Ukrainian businesses related to Russia (the “Measure”). The aim of the bill is to discourage corporations from Russian business activities. If successful, it should decrease Russian fiscal revenue, which will leave Russia with less funds available for warfare. There is, obviously, a huge social request and support for such measures. However, actual effect of the bill is far not that definitive.

Usage of corporate cards issued by goods and services providers to their corporate clients, have been recognized and regulated by the latest amendments of relevant Serbian regulations related to fiscalization and to VAT.

“The Romanian Recovery and Resilience Plan (PNRR) forms part of an unprecedented coordinated EU response to the COVID-19 crisis, to address common European challenges by embracing the green and digital transitions, to strengthen economic and social resilience and the cohesion of the single market,” according to the European Commission.

Generally, in the Czech Republic investment incentives are provided by the state to support businesses in regions other than Prague. They are approved by the government in cooperation with the respective ministries and processed by the state agency CzechInvest.

The taxation of dividends in Poland is a complex issue. Moreover, relevant regulations have recently been changed as part of a wider 2022 tax reform.

Non-resident owners of property in Croatia who have plans to rent it out should consider domestic and double tax treaty rules on taxation of permanent establishments.