In the summer 2022, the United States unilaterally terminated the US-Hungary double tax treaty with Hungary.
US Double Taxation at Gate
Vasil Kisil & Partners Successful for Kischenzi in Tax Dispute
Vasil Kisil & Partners has successfully represented the interests of Kischenzi in a tax dispute.
Legislative Amendments Regarding the Activity of Residents of IT Parks
Law no. 77/2016 on information technology parks will be amended. A project in this regard is currently undergoing repeated public consultations ("Project"). The main amendments included in the Project are as follows:
Amendments to the Montenegrin Law on Corporate Income Tax (CIT Law)
n November 2023 the Government of Montenegro proposed amendments to the CIT Law (Proposal).
Hungary Takes Next Step Towards Introduction of Global Minimum Tax
The Hungarian Ministry of Finance published its draft legislation for the implementation of the global minimum tax rules in Hungary for public consultation in October 2023. The package also contained some limited reasoning and impact assessment and stakeholders had one week to comment on the proposal.
Deloitte Legal Advises Romania's ANAF on Modernizing Tax Controls
Deloitte Legal Romanian affiliate Reff & Associates has advised Romania's National Agency for Fiscal Administration on implementing an EU-funded project to modernize tax controls, including amending the relevant legislation to provide the framework for intensifying desk audits and targeted checks.
Personal Income Tax Incentives Deadline Extended
The Serbian National Assembly has adopted amendments to the Law on Personal Income (PIT Law) and the Law on Mandatory Social Contributions (SSC Law) extending the deadlines for payroll incentives.
