From 2022 the new general gross minimum wage will be HUF 200,000 (approximately EUR 550).
ECJ’s Ruling in Favour of Boehringer - Pharmaceutical Companies May Retroactively Reduce Their VAT Liabilities
The Hungarian State unlawfully collected a sizeable amount of VAT from pharmaceutical companies ruled the European Court of Justice (ECJ) in a recent preliminary ruling procedure, initiated by Boehringer Ingelheim against the Hungarian tax authority.
Antoniya Markova, Daniela Petkova, Yoanna Ivanova, and Kostadinka Deleva Make Partner at Gugushev & Partners
Antoniya Markova, Daniela Petkova, Yoanna Ivanova, and Kostadinka Deleva have been appointed as Partners with Gugushev & Partners in Bulgaria.
What Novelties are Introduced by the Law on Amendments to the Law on Tax Procedure and Tax Administration?
The Law on Amendments to the Law on Tax Procedure and Tax Administration (Official Gazette of RS, no. 96/2021) (the “Law”) was adopted on October 16, 2021. The novelties introduced by this piece of regulation particularly include those referring to the filing of tax application for calculated mandatory social insurance contributions for company founders and/or shareholders, deferral of interest payment for settled obligations, replacement of insurance instruments for collection of due taxes, and issuance of additional record.
Personal Income Tax Incentives and Capital Gains Tax Exemptions Proposed
The Government of the Republic of Serbia has recently proposed amendments to the tax laws, including amendments to the Law on Personal Income Tax (‘PIT Law’), Law on Mandatory Social Contributions (‘SSC Law’) and the Law on Corporate Income Tax (‘CIT Law’).
Hungary: News About UBO Register
Hungary has introduced a UBO register in line with the EU’s 4th Anti-Money Laundering Directive by way of Act XLIII of 2021 on the Establishment and Operation of the Data Reporting Background for the Identification Tasks of Financial and Other Service Providers (“Act”). Certain provisions of the Act will come into force at a later date.
Romania: Is Your Company a Large Taxpayer?
Order no. 1721/2021, regarding the management of large taxpayers (“the Order”) was published on 3 November 2021, in the Official Gazette no. 1051/03.11.2021.