CEE Tax & Payroll Newstetter 1/2021

Through our updates, we highlight and share our views on the major changes that will impact the business models of our clients. Discover the most recent topics announced across Central and Eastern Europe that impact businesses on an international scale, such as:

• Challenges in respect to taxation of digital economy - Over the last few years, in-depth tax analysis and political debates were triggered by the need to maintain a balance between supporting the development of the global digital economy, while maintaining a fair and largely accepted model of allocating the taxing rights between states for the revenues that were generated worldwide by such global digital economy. Read more
• The digital single market - new VAT regime - This year, the European Union (EU) will make another step towards the definitive VAT system, a measure based on the VAT Action Plan, published by the EU Commission in 2017. Starting with 1 July 2021, important VAT and customs changes will be introduced for e-commerce, therefore, these amendments are long awaited. Read more

Croatia

• Extension of the deadline for the submission of the CIT return Read more
• Tax authorities' instruction on the VAT act and Rulebook Read more
• Tax measures implemented due to disaster caused by earthquake Read more   
• Extended deadlines for submission of financial statements for 2020 Read more
• Latest information on CES incentives for job preservation - Covid-19 Read more 

Czech Republic

• OECD: two-pillar system for taxation of digital economy Read more (page 6) 
• Planned changes since July 2021 to VAT for the sale of goods through e-shops Read more
• The impact of the coronavirus pandemic on labour law Read more 

Hungary

• Corporate income tax - possibilities for reducing the amount of CIT  Read more
• Tax reliefs in the state of emergency - third wave Read more 

Poland

• Limitation of the abolition relief Read more
• Real estate company tax Read more
• Intangible services – limitation of tax costs Read more
• Reduction VAT from unpaid invoices Read more 

​​​​​​​Romania

• Reporting obligations for multinational groups that submit the Country-by-Country report in non-EU countries Read more
• Order no. 410/2021 for the accounting regulations compliant with the International Financial Reporting Standards Read more

Russia

• Annual general meetings of shareholders in 2021 Read more
• Entry of HQS and their family members to Russia in 2021 Read more
• Remote work regulations from 1 January 2021 Read more
• Important changes in the international tax law Read more

Slovakia

• Changes in payroll legislation 2021 Read more 
• Significant changes in the labour code 2021 Read more

 Ukraine

• Tax changes strengthening support and protection of investors Read more 

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We hope that this overview will help you navigate more efficiently through the changes. 

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