Romanian taxpayers had an exciting start to the year with the Government introducing changes to the country's main tax laws – the Fiscal Code and the Tax Procedural Code. These amendments, which follow others announced at the end of last year, were introduced in accelerated fashion, having been debated for only a few days prior to adoption.
Ukraine Launches New Law Enforcement Agency
On 24 November 2021, Ukraine launched a new law enforcement authority – the Bureau of Economic Security of Ukraine (“BES”). BES will focus on analytical activities aimed at early detection of risks in the economy, as well as pre-trial investigation of certain criminal offences.
Oleksandr Markov Makes Partner at Redcliffe Partners
Oleksandr Markov, Head of Tax and Tax Litigation practice at Redcliffe Partners, has been promoted to Partner at the firm.
Nazif Karatas and Gozde Saruhan Berk Make Partner at Nazali
Nazif Karatas and Gozde Saruhan Berk have been promoted to Partner at Nazali.
An Update on the Curious Case of the Romanian Thematic Tax Audit Campaign Related to Gift Vouchers
In a previous article we have analysed the dilemmas resulting from the thematic tax audit campaign aimed at auditing the tax treatment of purchased gift vouchers, in terms of income tax and social security charges. A very sought after extra-salary employee benefit, companies bought and offered gift vouchers amounting to over RON 1 billion (approx. EUR 200 million) in 2018 alone and we can only assume that these figures have only risen since then.
Lydia Sofrona Makes Partner at Koutalidis
Lydia Sofrona has become a Partner at Koutalidis, in the firm's Tax Law practice.
Marta Cera Becomes Co-Head of Ellex Finance and Tax Practice in Latvia
Senior Associate Marta Cera was appointed Co-Head of Ellex's Finance and Tax practice group in Latvia, alongside Associate Partner Valters Diure.