Arrangements and consultations on the draft act amending the VAT Act and certain other acts, i.e. the so called SLIM VAT 3 (draft No. UC128), were scheduled to complete by 26 August.
Michal Jagielski and Wiktor Rainka Join JDP
Michal Jagielski and Wiktor Rainka have joined JDP Drapala & Partners as a Co-Head of the firm’s Tax team and Head of the IP/IT/Advertising and Media Law team, respectively.
Patch Released: The Polish Deal 2.0
On January 1, 2022, a “historic tax reform” – as referred to by the Polish government – came into force, with major changes implemented into Poland’s tax system. Just a few months later, another tax reform package, now known as the Polish Deal 2.0, was introduced. We spoke with Penteris Head of Tax Artur Plutowski and PwC Legal Partner Katarzyna Komorowska to learn what was the driving force behind the update and how it will impact the business sector in Poland.
Legal Education Programme for Individuals Fleeing Ukraine in Romania: Fiscal Facilities Granted for Supporting Refugees and NGO Initiatives
Legislation provides for the following types of aid that may be granted to refugees by individuals or legal entities.
Allen & Overy Advises on Introduction of Bondholder Tax Certification Procedures in Czech Republic
Allen & Overy, in partnership with Clearstream and Euroclear, has advised on the drafting and implementation of bondholder tax certification procedures in the Czech Republic.
US Terminates the Double Taxation Treaty with Hungary
On 8 July 2022, the U.S. Treasury Department announced the termination of the double taxation treaty with Hungary concluded in 1979. The termination is effective from 1 January 2024.
KATA Taxation Closed down in Hungary
On 12 July 2022, just one day after its proposal, the Hungarian Parliament accepted the new law that affects more than 430,000 KATA taxpayers in Hungary, most of whom will no longer be eligible for this tax regime starting from 1 September 2022.