The 5th AML Directive introduces namely measures to increase the transparency of beneficial ownership, extends the scope of obliged entities to virtual currency service providers, strengthens the rules for the assessment and increased care of…
ECOFIN adopted a revised EU list of non-cooperative jurisdictions for tax purposes (the EU blacklist). The EU Finance Ministers agreed to add two new jurisdictions to the list as well as to remove two jurisdictions from the list.
The Court of Justice of the EU issued order in case C‑621/19 Finančné riaditeľstvo Slovenskej republiky v Weindel Logistik Service SR spol. s r.o. which deals with the possibility to claim import VAT deduction by the importer who does not become the…
On 16 September 2020, the Court of Justice of the European Union (“CJEU”) released its judgment in the case C-528/19 „Mitteldeutsche Hartstein Industrie AG“. CJEU dealt with questions whether it is allowed to deduct input VAT related to construction…
The Municipal Court in Prague confirmed the approach of the Tax Authorities who reclassified marketing services contractually rendered abroad to the consideration received from a third party that should be included in the tax base for local supply…
The government´s draft amendment to the Income Tax Act was discussed in the first reading at the September meeting of the National Council of the Slovak Republic. The government´s draft, among other things, introduces rules for controlled foreign…
The Government approved the amendment to the Act on certain extraordinary measures in the financial area in connection with the spreading of a hazardous infectious human illness COVID-19 (Lex Corona). The Aim of the Amendment is to finish the…
As of 12 July 2020, the Regulation (EU) 2019/1150 of the European Parliament and of the Council on promoting fairness and transparency for business users of online intermediation services (“regulation”) has become effective. We have prepared an…
