Regulations regarding settlements with tax havens have been part of the TP regulations since 2000. Since then, obligations to document transactions with related entities were indirectly transferred to settlements executed by taxpayers with tax haven-based entities. At the end of 2020, the legislator took a big step forward by incorporating changes to regulations regarding settlements […]
The Ministry of Finance presented a package – SLIM VAT 2
On 18 February 2021, the Ministry of Finance presented a new draft called SLIM VAT 2. The package aims to simplify the invoicing procedure, reduce formalities and improve the liquidity of companies using the split payment mechanism. The most important proposed tax changes: Art. 22 sec. 2e and 3 Specification to which delivery should be […]
Brexit – the major VAT and Customs consequences of the United Kingdom’s exit from the European Union
On January 1, 2020, the United Kingdom (UK) left the European Union (EU) on the basis of an agreement concluded with the EU. The Brexit will change the VAT and customs rules in transactions between the EU Member States and British entities. Therefore, companies should adapt themselves smoothly for the upcoming changes, in order to […]