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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 - Central and Eastern Europe

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Recent Articles

April 2017

6 Apr - Bulgaria: Changes to social security legislation

3 Apr - EU: Trade agreement instructions, exports to Canada


March 2017

31 Mar - EU: Status of proposed update to dual-use regulation

29 Mar - Czech Republic: Amendment significantly expands reporting duties to tax authority

29 Mar - Czech Republic: Reporting of sales amounts received from carriers

29 Mar - Czech Republic: VAT on re-sale of telecommunication services

27 Mar - Poland: VAT settlements, new penalties

27 Mar - Serbia: VAT “rulebooks” on place of supplies, exemption from VAT

21 Mar - EU: CJEU judgment on amortization of goodwill for shareholdings in foreign companies (Spain, Ireland, Denmark, Portugal, Netherlands, UK, France, Germany, Belgium)

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

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

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

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

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

February 2017

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 - 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

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

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

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

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

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

2 Feb - Romania: VAT registration changes

Recent Articles

January 2017

26 Jan - Bulgaria: New labor measures for assigning employees, “provision of services”

26 Jan - Hungary: VAT deductions, holding company actively involved in its participations (CJEU judgment)

23 Jan - Poland: R&D “super deduction” on corporate tax return for 2016

19 Jan - Serbia: Guidance on preparation of 2016 tax return

17 Jan - Romania: VAT registration form is withdrawn

16 Jan - Hungary: Accounting changes, covering derivative transactions

12 Jan - Serbia: Tax procedure and administration provisions effective in 2017

12 Jan - Serbia: VAT law amendments; excise tax on coffee, tobacco

4 Jan - Bulgaria: Individual income tax law changes; financial audit update

4 Jan - Serbia: Employees of subsidiary, who purchase foreign parent company’s shares

3 Jan - EU: New GSP system for registered exporters, certifying origin of goods

2016 Articles

December 2016

22 Dec - Poland: VAT legislation is signed

20 Dec - Bulgaria: Corporate income tax, VAT changes

20 Dec - Czech Republic: Employment-related tax issues; R&D tax treatment

20 Dec - Romania: VAT rate reduction scheduled for 2017

9 Dec - Poland: Excise tax, passenger cars

6 Dec - EU: Update on C(C)CTB, beneficial ownership, hybrid mismatches, financial transaction tax

6 Dec - Poland: New tax rules for investment funds, effective 2017

6 Dec - EU: Agreement not yet reached, hybrid mismatches with third

2 Dec - Poland: Excise tax provisions added to business tax simplification

1 Dec - EU: VAT for cross-border e-commerce; digital single market proposal

Recent Articles

November 2016

28 Nov - Poland: Changes to legislation amending VAT law

22 Nov - OECD: Update on “tax inspectors without borders”

18 Nov - Poland: Implications of EU-Canada free trade agreement for Polish producers

11 Nov - EU: Initiatives on tax transparency, aggressive tax planning, corporate tax environment at ECOFIN meeting

10 Nov - Hungary: Tax legislative proposals for 2017

10 Nov - Slovakia: VAT rules for vouchers; register of “beneficial owners” is replaced

9 Nov - Poland: Required information reporting for VAT, revenue and expense ledger

7 Nov - Bulgaria: Taxation of services provided to Bulgarian financial institutions by foreign card companies

7 Nov - Poland: Corporate tax law changes effective beginning 2017

3 Nov - Poland: Proposed changes to taxation of investment funds


Recent Articles

October 2016

25 Oct - EU: Re-proposed Common Consolidated Corporate Tax Base; new hybrid mismatch measures

25 Oct - Central and eastern Europe: Guide to taxes on real estate

25 Oct - Poland: Proposed tax regime for real estate market entities (SRWNs)

18 Oct - EU: Customs business process models

17 Oct - Czech Republic: Proposed VAT amendments; VAT examinations

17 Oct - EU: Details of on-site inspections, expectations of European Central Bank (ECB)

17 Oct - EU: Tax developments, CJEU judgments with domestic and cross-border implications 

13 Oct - Serbia: Guidance on VAT records, calculations

10 Oct - EU: Dual-use regulation; export control for cyber-surveillance technology

5 Oct - Bulgaria: Tax on benefits in-kind, VAT and personal use of company assets

5 Oct - Poland: VAT measures in draft legislative amendment

September 2016

28 Sep - Romania: Salary from conducting R&D activities is exempt from individual income tax

28 Sep - Slovakia: Tax law amendments, proposals to be presented to Parliament

26 Sep - OECD: Report on “effective carbon rates” and taxes 

21 Sep - Bulgaria: New income tax treaty with Romania

19 Sep - Poland: EC opens state aid investigation, retail sector taxation

16 Sep - Czech Republic: VAT guidance, customs reporting

15 Sep - EU: Developing first common list of non-cooperative tax jurisdictions

14 Sep - Poland: Support for R&D, new funding

8 Sep - Poland: R&D support, automotive companies developing products and technologies

8 Sep - Poland: VAT rate on books, newspapers, periodicals (digital vs. print)

7 Sep - Poland: Reporting with respect to seconded workers, due 18 September

6 Sep - EU: “VAT gap” reflects lost revenue, almost €160 billion in 2014

2 Sep - Hungary: Social security totalization agreement with United States enters into force

August 2016

30 Aug - Bulgaria: State aid to reduce costs for green energy of large industrial consumers

26 Aug - EU: Extended trade sanctions against Russia; “Brexit” and export controls

26 Aug - Hungary: Reporting, administrative requirements relating to foreign individuals working in Hungary

18 Aug - Czech Republic: VAT changes enacted, reverse-charge mechanism available

18 Aug - EU: Summaries of tax developments, CJEU cases with domestic or cross-border implications

8 Aug - EU: Country-by-country reporting—an EU perspective

8 Aug - Poland: FAQs on VAT and “standard audit file” procedures

4 Aug - EU: Public consultation, common consolidated corporate tax base (CCCTB)

July 2016

29 Jul - EU: Considering possible ECB reaction to Brexit

27 Jul - EU: Country rules, VAT rates for mini one-stop shop (MOSS)

27 Jul - Macedonia: Tax card for 2016

26 Jul - Latvia: Changes to income tax returns (individuals) reflect tax law amendments

22 Jul - Romania: Revisions to VAT reporting requirements on Form 088

21 Jul - Czech Republic: VAT when delivery is temporarily suspended; post-merger depreciation

21 Jul - Poland: Retail sales tax; effective September 2016

18 Jul - EU: Expanded customs security, clearance pilot program with China

8 Jul - EU: Customs, supply chain considerations of “Brexit” 

8 Jul - EU: Recommendations to address corporate tax evasion and aggressive tax planning passed by EU Parliament

6 Jul - EU: Proposal for “ultimate beneficial owner” registers, tax transparency, anti-avoidance and anti-evasion measures

June 2016

28 Jun - EU: Customs duties eliminated for certain electronic products

27 Jun - EU: Trade and customs, VAT implications of “Brexit”

26 Jun - Bulgaria: Changes to “preferential tax regime” registration rules

24 Jun - EU: Possible tax consequences of UK referendum 

22 Jun - Poland: Funding for R&D projects in 2016

21 Jun - EU: Agreement on directive reached, new tax avoidance rules

20 Jun - Czech Republic: Disclosure of non-financial information

17 Jun - UK: Amendments proposed to the Finance Bill 2016-17

17 Jun - UK: Finance bill changes; investors’ relief extended to unpaid directors, certain paid employees, trustees of certain trusts

10 Jun - EU: Corporation tax avoidance directive approved by European Parliament; approval by EU Member States is next step

10 Jun - Hungary: Corporate, individual tax changes are pending enactment

9 Jun - EU: Sanctions relating to trade with Iran, Russia

8 Jun - EU: Reminder to file VAT claims by 30 June 2016

7 Jun - EU: Council approves country-by-country reporting, mandatory automatic exchanges of tax information 

6 Jun - Poland: Proposal for retail sales tax

May 2016

31 May - Poland: Updated FAQs for taxpayer audits; VAT monthly reporting

31 May - Serbia: Guidance for VAT registration, tax representative

25 May - EU: No agreement on anti-avoidance directive; exchange of tax-related information of multinational companies, ECOFIN meeting

24 May - Latvia: Restating share capital, share valuations in euros

23 May - EU: Notice intended to clarify “state aid” concept

18 May - EU: Anti-tax avoidance package draft; recommendations for “blacklist” countries included

18 May - Poland: FAQs on selection of taxpayer for audits

16 May - Bulgaria: Tax card for 2016

13 May - Czech Republic: Update on tax legislation proposed for 2017

12 May - EU: Response to consultation, double taxation dispute resolution mechanism

10 May - Lithuania: Update on individual, corporate income tax; VAT and customs

6 May - EU: VAT proposals withdrawn, insurance and financial services

5 May - Hungary: Tax implications of certain accounting developments

4 May - EU: Action plan on VAT; single VAT area

April 2016

28 Apr - EU: Greenhouse gas emissions; CJEU judgment on annual free allowances

27 Apr - Bulgaria: New mandatory reporting required of certain entities

25 Apr - Poland: Draft VAT changes aimed at addressing “abuses”

22 Apr - EU: Export procedures for certain goods effective 1 May 2016

22 Apr - EU: Shortages in cross-border shipments of “excise-able” goods

22 Apr - Romania: Tax card 2016

21 Apr - Poland: Draft legislation providing tax incentives for shipbuilding, related industries

19 Apr - Czech Republic: Proposed VAT law changes

19 Apr - Latvia: Tax treaty with Hong Kong

18 Apr - EU: “Domestic sale” concept mitigates repeal of “first sale” customs valuation

8 Apr - EU: Updated AEO guidelines released

7 Apr - EU: Action plan to revise VAT system

7 Apr - EU: Draft guidance, new customs valuation provisions

6 Apr - EU: Import duties on consumer, professional electronic products eliminated

March 2016

30 Mar - EU: Sanctions update, companies trading with Iran 

29 Mar - Albania: Tax law changes

29 Mar - Kosovo: Implementing guidance, corporate and individual income tax laws

28 Mar - Romania: VAT exemptions, new VAT form

28 Mar - Slovakia: “Excessive” VAT deduction rules

22 Mar - Serbia: Individual income tax returns for 2015, due 16 May

21 Mar - EU: AEO certificates, customs authorizations to be reassessed by authorities

18 Mar - Poland: Guidelines, FAQs on “standard audit file” and tax examinations

17 Mar - Czech Republic: Draft tax legislative proposals

17 Mar - EU: Customs treatment intra-EU air, sea services effective 1 May 2016

15 Mar - Latvia, Lithuania, Estonia: “Tax cards” for 2016

8 Mar - Poland: Next round of R&D grants

1 Mar - Poland: Implementing standard tax audit file, schedule

February 2016

29 Feb - Serbia: Withholding tax, service fees paid to non-residents

23 Feb - Hungary: Certain employer-provided cards, benefits incompatible with EU law

22 Feb - EU: Tax transparency agreement with Monaco

17 Feb - EU: Advance rulings on VAT, cross-border transactions

17 Feb - EU: Double taxation, dispute resolution mechanisms consultation

17 Feb - Poland: Tax on financial, lending institutions and insurance companies

16 Feb - EU: “First sale for export” repeal for customs valuation purposes

12 Feb - EU: Tax transparency agreement with Andorra

12 Feb - Hungary: Tax incentive for companies contributing to Olympic Games tender

11 Feb - Czech Republic: Amendment allows allocation of VAT reverse charge mechanism

5 Feb - EU: Free trade agreement with Vietnam

4 Feb - EU: VAT on supply of services

3 Feb - Bulgaria: Electronic registry

3 Feb - Serbia: Individual income tax; returns due 16 May

1 Feb - Serbia: Individual income tax changes for 2016

1 Feb - Serbia: Network of income tax treaties, 2016 update

January 2016

28 Jan - EU: New anti-tax avoidance package focused on corporations

22 Jan - Poland: Guidelines for “standard” tax audit file of large companies

21 Jan - EU: State aid decisions, taxation of ports in Netherlands, Belgium, France

19 Jan - Czech Republic: First VAT ledger statements due 25 February

19 Jan - EU: Iran sanctions relief

19 Jan - Serbia: Tax procedure, excise tax changes effective 2016

13 Jan - Poland: Chemical industry, grants for R&D projects

12 Jan - EU: Action plan for corporate tax, 2016

11 Jan -  EU: Initiatives on corporate tax avoidance, scheduled for 27 January

2015 Articles

December 2015

17 Dec - Bulgaria: Corporate, individual tax law changes, VAT changes enacted

17 Dec - EU: Draft “anti-BEPS” directive, addressing corporate tax planning and evasion

17 Dec - EU: Transitional rules pending new fully electronic customs environment

17 Dec - Hungary: CJEU addresses transfer to lower VAT-rate jurisdiction as tax-abusive

15 Dec - Croatia: New accounting law changes, effective in 2016

11 Dec - Serbia: Common transit procedure under EU customs agreements

10 Dec - Bulgaria: Excise tax, tax warehouse measures effective 2016

9 Dec - Czech Republic: Employment taxation year-end review

9 Dec - EU: Status of financial transaction tax (FTT), corporate tax proposals

2 Dec - Bulgaria: Excise tax; “energy used for heating” re-defined

2 Dec - EU: Recommendations for tax transparency, coordination adopted

1 Dec - EU: Country-by-country reporting, recommendations approved by EU Parliament

November 2015

30 Nov - EU: Customs code update; Iran sanctions and EU dual-use list 

30 Nov - Poland: Proposed tax on “large format” retailers

23 Nov - OECD: Treaty-related MAP statistics for 2014 reporting period

20 Nov - Poland: Tax audits, requirements for standard audit file

19 Nov - OECD: Frequently asked questions, CRS

17 Nov - OECD: G20 leaders endorse BEPS, automatic exchange of information projects

12 Nov - Czech Republic: Economic substance of reorganization examined; related interest deductions

12 Nov - Poland: Draft VAT legislative amendments

11 Nov - EU: Update on Iran sanctions, dual-use list for export controls

7 Nov - Bulgaria: VAT and “mixed use” assets; business and private use

7 Nov - OECD: BEPS-related meetings

7 Nov - OECD: International standard, guidelines for VAT on cross-border sales

4 Nov - EU: Customs reciprocal benefits with China, effective November 2015

4 Nov - Croatia: Reduced rate of interest on related-party loans, deductible interest

4 Nov - Romania: Waiver of late-payment penalties, interest

October 2015

30 Oct - EU: Customs 2016 “common nomenclature”

29 Oct - EU: Revised status; Hong Kong as non-cooperative tax jurisdiction

28 Oct - Croatia: Accounting law changes, for business taxpayers in 2016

27 Oct - Poland: Tax relief, grants available for R&D activities 

23 Oct - EU: Customs value update; “first sale” implications

23 Oct - Poland: Dividends between related companies; duties of tax offices

20 Oct - Hungary: Proposed tax legislative amendments

16 Oct - Czech Republic: Electronic reporting of sales postponed indefinitely

14 Oct - Serbia: Non-taxable per diem amount, foreign business travel

13 Oct - Poland: Innovation incentives under corporate income tax

12 Oct - EU: Listing third countries, corporate “tax avoidance” identified

12 Oct - Serbia: VAT revisions effective 15 October

8 Oct - EU: New proposal for Common Consolidated Corporate Tax Base (CCCTB)

7 Oct - Hungary: LLC capital requirements, accounting and tax implications

6 Oct - EU: Automatic exchange of information, cross-border tax rulings and APAs

5 Oct - OECD: BEPS final recommendations text

September 2015

30 Sep - EU: Capital markets action plan; cross-border tax barriers

28 Sep - EU: Report on tax reform

28 Sep - Poland: Grants for R&D activities

25 Sep - Czech Republic: Government’s income tax plan; filing VAT ledger statements

25 Sep - EU: VAT and cross-border e-commerce

25 Sep - OECD: BEPS final reports expected 5 October

24 Sep - EU: Trade and customs update

23 Sep - Serbia: VAT law changes pending consideration

21 Sep - EU: Customs transaction value, sunset clause

August 2015

31 Aug - EU: Public consultation, excise tax and alcoholic beverages

20 Aug - Czech Republic: Industrial zones, VAT guidance

12 Aug - Bulgaria: Income tax treaty with UK

11 Aug - OECD: Tax collection, tax trends in 56 tax administrations

10 Aug - OECD: CRS Implementation handbook

7 Aug - Serbia: Electricity is subject to excise tax


July 2015

28 Jul - EU: Update on new customs code

24 Jul - Bulgaria: Real estate sales price based on tax valuation

20 Jul - EU: Update on transatlantic trade partnership, other trade items

16 Jul - Czech Republic: Proposed electronic reporting of sales


June 2015

17 Jun - EU: Plan to curb corporate tax avoidance

16 Jun - Romania: FATCA intergovernmental agreement

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