TaxNewsFlash - Central and Eastern Europe

Central and Eastern Europe

TaxNewsFlash - Central and Eastern Europe — KPMG's reports of tax developments in CEE

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TaxNewsFlash-Europe

TaxNewsFlash - Central and Eastern Europe

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Recent Articles

March 2017

17 Mar - Italy: Overview of tax system

17 Mar - Italy: Transfers of shares of Italian subsidiaries to headquarters, effects on consolidated group

15 Mar - Italy: VAT electronic submission election due 31 March 2017

14 Mar - Serbia: VAT registration, foreign suppliers of electronically supplied services

13 Mar - Norway: New statute of limitations, withholding tax refund claims

13 Mar - UK: Appeal to Supreme Court; test case in “CFC & Dividend GLO”

13 Mar - UK: Draft amendment to EU Directive; contrast to UK’s hybrid mismatches legislation

13 Mar - UK: Effects of hybrid rules on trading companies that are tax residents in two jurisdictions

10 Mar - France: Anti-abuse rules applied in context of EU Merger Directive (CJEU judgment)

9 Mar - Belgium: Dividend withholding tax exemption, Dutch UCITS under Parent-Subsidiary Directive (CJEU judgment)

9 Mar - Ireland: Preparing for audits of R&D tax credits

9 Mar - Italy: Accounts of foreign permanent establishment, currency exchange rate conversions

8 Mar - UK: Spring budget 2017

8 Mar - UK: Overview of business taxation (spring budget 2017)

8 Mar - UK: Overview of employer tax items (spring budget 2017)

8 Mar - UK: Overview of key tax issues for multinationals (spring budget 2017)

8 Mar - UK: Overview of tax for individuals (spring budget 2017)

8 Mar - UK: Tax treatment of leased plant and machinery (spring budget 2017)

8 Mar - UK: Tax deductibility of corporate interest expense (spring budget 2017)

8 Mar - UK: VAT provisions for business-to-consumer mobile phone services (spring budget 2017)

8 Mar - Channel Islands: Tax measures concerning financial services sector (UK spring budget 2017)

7 Mar - EU: Free trade agreement with Canada, update

7 Mar - Poland: VAT rate for digital books, newspapers, periodicals (CJEU judgment)

6 Mar - Sweden: Foreign pension funds, refund claims of withholding tax

6 Mar - UK: Unexpected consequences of new hybrid rules for U.S. investors with UK “check the box” entities

6 Mar - UK: Expectations for tax measures in spring budget, set for 8 March

6 Mar - UK: Salary sacrifice rules; tax proposals for benefits provided under Optional Remuneration Arrangement (OPRA)

6 Mar - UK: Scottish individuals subject to higher rate of income tax than other UK taxpayers, from 6 April 2017

3 Mar - EU: VAT exemption for cost-sharing groups, financial and insurance markets

3 Mar - Netherlands: Dividend withholding tax, refunds claimed by EU investment funds

2 Mar - Cyprus: Interest yields, tax allowances on new capital for 2017

2 Mar - Estonia: Individual tax returns due 31 March; revisions to packaging excise tax

1 Mar - Belgium: Stock exchange tax on foreign transactions, extended to 30 June 2017

1 Mar - Germany: “Restructuring decree” rejected by court; tax benefits uncertain

February 2017

28 Feb - Luxembourg: Implications of German investment tax reform on fund industry in Luxembourg 

27 Feb - Sweden: Proposed tax on financial activity is withdrawn

27 Feb - Netherlands: CJEU judgment, EU Treaty “standstill clause” and extended period for authorities to assess tax on foreign income

27 Feb - Netherlands: CJEU judgment, individual taxpayer's deduction of "negative income" when two EU countries involved

27 Feb - UK: Hybrid and other mismatch rules; example of application to UK purchases

27 Feb - UK: Transfer of loan relationship assets to Jersey subsidiary, in exchange for shares

27 Feb - UK: VAT on cinema admissions; CJEU judgment on cultural exemption

27 Feb - UK: Mitigating VAT costs in relation to corporate acquisitions

23 Feb - EU: R&D tax incentives guide; country-specific information for EMEA region

22 Feb - EU: Directive on hybrid mismatches with third countries

22 Feb - Germany: Court concludes, invoices can be corrected with retroactive effect

22 Feb - Germany: Withholding tax refund claims, Luxembourg SICAV

22 Feb - Romania: Capital gains tax returns, foreign investment entities

20 Feb - Czech Republic: Financial aid under “low carbon” program 

20 Feb - Czech Republic: VAT revisions included in legislation

20 Feb - EU: Proposals to simplify, modernise VAT rules on e-commerce

20 Feb - UK: Exchange losses following change in functional currency

20 Feb - UK: Pensions advice allowance (financial advice)

20 Feb - UK: Upper Tribunal decision on “unallowable purposes rule”

20 Feb - UK: VAT treatment of business promotion involving gift vouchers

17 Feb - Czech Republic: Binding rulings, allocation of profits to permanent establishments

17 Feb - Czech Republic: Income tax changes included in pending legislation

17 Feb - UK: Exchange of information rules, HMRC guidance

17 Feb - UK: New hybrid rules in the context of election to disregard a UK subsidiary for U.S. tax purposes

17 Feb - UK: Scrutiny of HMRC’s estimate, cost to business for “Making Tax Digital” 

16 Feb - EU: Consultation on disincentives for advisors and intermediaries,
potentially aggressive tax planning schemes

16 Feb - Netherlands: New decree on insurance premium tax

16 Feb - Spain: Tax-exemption for church-run schools and state aid rules; CJEU Advocate General opinion

14 Feb - UK: Arbitration agreement with Canada enters into force

14 Feb - Cyprus: Reduced VAT rate of 5%, residential dwellings

13 Feb - Luxembourg: New company law; legal requirements affecting company management

13 Feb - Switzerland: Voters reject corporate tax reform 

10 Feb - UK: Changes to social investment tax relief; amounts raised from individual investors, excluded activities

10 Feb - UK: New hybrid and other mismatch rules; when are they relevant?

10 Feb - UK: Preparing for new corporate offence, failing to prevent tax evasion

8 Feb - UK: What 2017 holds for Brexit—a run-through of critical timelines and processes

7 Feb - Hungary: Implications of VAT on loans, installation services

6 Feb - Lithuania: Update on business, corporate income tax; VAT and customs

3 Feb - Belgium: Parliament approves deduction for innovation income; replaces patent income deduction

3 Feb - UK: Effects of draft German bill on deductibility of royalty payments in Germany, paid to companies benefitting from IP regimes

3 Feb - UK: HMRC guidance on “negative earnings” 

3 Feb - UK: “Making Tax Digital” program to be effective 6 April 2018

2 Feb - Netherlands: Central register of shareholders proposed; access by tax authorities

2 Feb - Romania: VAT registration changes

1 Feb - Germany: Draft bill countering harmful tax practices in licensing of rights

1 Feb - Sweden: Tax treatment, “invoicing” director’s fees by private limited company

1 Feb - Switzerland: Referendum vote on corporate tax reform, 12 February 2017

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