Tax

Legal Monitoring Report for the period of 28 April - 24 May 2023

The Legal Monitoring Report deals with amendments to the Law on Joint Stock Companies and the Compulsory Licensing Mechanism, ratification of the Agreement on the Transportation of Goods, and approval of Legal Framework on Cuber Security, the FISCALIS Agreement and Ecolabel Regulations.

Tax Treatment of a Fee for Lease of Servers Abroad and Personal Data Protection Issues

The Ministry of Finance of the Republic of Serbia has recently issued the opinion no. 011-00-313/2022-04 (“the Opinion”), which refers to taxation of the fees paid by resident legal entities to non-residents for leasing servers abroad.

Tax Incentives for Renewable Energy Sources, Current Status and Possibilities

The energy development strategy of the Republic of Serbia until 2025 with projections until 2030, as well as the Integrated National Energy and Climate Plan, which is
currently being developed and adopted, foresee an increase in the share of energy obtained from renewable energy sources in the energy balance of the Republic of Serbia
as a strategic goal.

The Abolition of Hungarian Special Taxes: Where Will the State Make Up The Shortfall?

Significant changes are expected in the Hungarian tax system in the coming years, which could have a major impact on economic operators and individuals alike. As a result of the changes, the State is likely to lose significant revenues and the means to replace these revenues are not yet known.

Kateryna Tsvetkova and Oleksandr Melnyk Make Partner, Viktoriia Bublichenko Appointed Head of Tax at GoLaw

Former Counsels Kateryna Tsvetkova and Oleksandr Melnyk have been promoted to Partner, while former Associate Viktoriia Bublichenko became a Counsel and Head of the Tax, Restructuring, Claims, and Recoveries practice at GoLaw in Kyiv.

Montenegro Is Balancing the Books: A Buzz Interview with Luka Popovic of BDK Advokati

The political landscape in Montenegro is dominated by the upcoming elections and the formation of a new government – sometimes leading to populist measures that may negatively affect certain industries – yet sectors like energy, tourism, and IT keep experiencing growth, according to BDK Advokati Senior Partner Luka Popovic.

Guidelines on Data Protection In Proceedings Before the Commission for the Protection of Competition Have Been Published

At the 120th session held on 7 April 2023, the Council of the Commission for Protection of Competition issued an Instruction on the content and method of submitting a request for imposing data protection measure (“Instructions“), which specifies in more detail the content and method of submitting a request for imposing a measure of protection of data source and/or certain data, in accordance with the Law on the Protection of Competition (“Law“).