Law no. 322/2021 published in the Romanian Official Gazette on 30 December 2021 has brought changes to the procedure for claiming tax credit for sponsorship expenses starting with 1 January 2022, as follows:
Partner Appointments at Havel & Partners
Havel & Partners' Veronika Dvorakova and Ivan Rames have become Equity Partners, while Lenka Stikova Gachova, Michal Smrcek, and Josef Zaloudek have been promoted to Partner.
Sorainen Names Nine New Partners
Sorainen has promoted nine new Partners in three different countries. Estonia's Kaido Kunnapas and Katlin Krisak, Lithuania's Simonas Skukauskas, Monika Malisauskaite-Vaupsiene, Evaldas Dudonis, Kazimieras Karpickis, and Indre Sceponiene, and Belarus' Ann Laevskaya and Kirill Laptev have all joined the Sorainen partnership at the beginning of 2022.
Rokas Jankus and Edvinas Lenkauskas Make Partner at Motieka & Audzevicius
Rokas Jankus and Edvinas Lenkauskas have been promoted to Partner at Motieka & Audzevicius, as of January 1, 2022.
ECJ Backs Deduction of VAT on ‘Overpriced’ Services in Hungarian Case
The European Court of Justice (ECJ) confirmed once again that VAT deduction is fundamental part of the VAT mechanism and thus can only be narrowly restricted or limited.
Tax Reductions from 1 January 2022
Mihály Varga, Minister of Finance of Hungary has introduced many changes in tax legislation as of 1 January 2022 with an estimated HUF 750 billion to be left at the private sector. According to the statement of the Minister, tax reductions became achievable, as the economic growth of Hungary rose over 6,1%.
Romanian Customs Authority
Starting with December 10, 2021, the customs activity currently under the auspices of the National Tax Administration Agency (“ANAF”) will be developed by the Romanian Customs Authority, founded by way of Law no. 268 of November 10, 2021, on the establishment of the Romanian Customs Authority and for the amendment of certain normative acts (“Law no. 268/2021”).