• Coronavirus in Central and Eastern Europe: Adopted legislative measures to decrease the impact on the economy
  Contributed by Accace
  Tuesday, March 24, 2020

  To reduce the impact of the coronavirus pandemic on the economy of the Czech Republic, Hungary, Slovakia and Ukraine, the local governments adopted a package of legislative measures affecting also the field of taxation. We are summarizing the most important...
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• Important Form 1042 Reminders for this Reporting Season
  Contributed by Comply Exchange
  Wednesday, March 11, 2020

  Anyone making payments of U.S. source fixed, determinable annual, or periodical income to non-U.S. persons will be interested in the updates for this reporting season of 2019 information in 2020. Over the last decade, we have seen...
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• Measurement of Right-of-Use Asset and Leave Liability
  Contributed by Zampa Debattista
  Monday, March 2, 2020

  Under IFRS 16 'Leases', the lessee capitalises lease transactions as a right-of-use asset and a corresponding lease liability, unless the transactions relate to short term leases or low value leases, in which case the...
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• Determining the lease term
  Contributed by Zampa Debattista
  Monday, February 24, 2020

  The term of the lease plays an important part in the accounting treatment of a particular lease. Under IFRS 16, it impacts the measurement of the right of use asset and lease liability in the lessee's books. It also...
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• Information Reporting and Withholding: Final Regulations Published in January 2020
  Contributed by Comply Exchange
  Tuesday, February 11, 2020

  Any U.S. payors or withholding agents making U.S. sourced payments to non-U.S. persons and any non-U.S. financial institutions (foreign financial institutions or FFIs) reporting certain U.S. persons will be interested in...
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• Accounting For Leases After 2018 - GAPSME Versus IFRS
  Contributed by Zampa Debattista
  Monday, February 10, 2020

  Up to 31 December 2018, accounting for leases under GAPSME and IFRS was very similar. Companies applying IFRS applied IAS 17 'Leases', whilst companies applying GAPSME...
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• Zampa Debattista Q4 VAT Newsletter
  Contributed by Zampa Debattista
  Tuesday, January 28, 2020

  On 9th October 2019, the Commissioner for Revenue published guidance notes on the so-called "Quick Fixes" regarding the changes coming into force on 01/01/2020. The notes offer a comprehensive explanation on...
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• Competition Law: Cooperation or Collusion? Time for the EU Commission to Revisit the Horizontal Block Exemption Regulations
  Contributed by GVZH Advocates
  Friday, January 17, 2020

  On 6 November 2019, the EU Commission launched a public consultation on the two so-called Horizontal Block Exemption Regulations. This consultation will run until 12 February 2020, so any feedback needs to...
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• France Revamps Gambling Tax for 2020
  Contributed by Anna Martyushev
  Monday, January 13, 2020

  As online betting continues dominating the gambling world, many countries are still changing the regulations to increase the sources of revenue through taxation. The availability of...
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• How Governments Invest in Local Car Markets
  Contributed by Regina Muratov
  Sunday, December 22, 2019

  A lot has changed in the automotive sector, with governments getting more and more involved to streamline the industry. There main aim is to help in the provision of a...
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• Zampa Debattista Q3 VAT Newsletter
  Contributed by Zampa Debattista
  Wednesday, December 11, 2019

  On 16th July 2019, the Commissioner for Revenue published the following VAT guidelines by a notice in the Government Gazette: Notice 838 - Guidelines on Item 5, Part Two of the Fifth Schedule to the VAT Act - Sports. According to the guidelines, for...
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• Information Reporting and Withholding: How Accounts Payable Departments and Nonfinancial Organizations Can Prepare for Year-end Reporting
  Contributed by Comply Exchange
  Friday, December 6, 2019

  Any U.S. or non-U.S. company with an Accounts Payable Department or any non-financial company that makes payments to vendors will be interested in some tips for preparing year-end information returns and related workpapers for...
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• Incorporating a Company in Latvia: What You Need to Know
  Contributed by ICD Fiduciaries
  Tuesday, December 3, 2019

  Every entrepreneur's goal is growing his/her venture into a giant multinational. To grow your brand globally, one of the first steps is selecting a good offshore market to base your company. In Europe, one of the top options is Latvia. Why Latvia? It is a...
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• Changes regarding the top-up obligation in Hungary at the end of 2019
  Contributed by Accace
  Monday, November 25, 2019

  Previously, Hungarian businesses had to investigate by the end of the business year whether they are subject to a tax advance supplement (or the so-called top-up obligation). However, the rules will be different starting this year, and not all companies are...
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• Information Reporting and Withholding: Expiring Withholding Certificates
  Contributed by Comply Exchange
  Thursday, November 7, 2019

  Any payors and withholding agents that make payments of U.S. source fixed, determinable annual, or periodical income and collect withholding certificates will be interested in tips to consider ahead of December 31, 2019, when some of...
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• European Union Adds UAE and Switzerland to Tax Whitelist
  Contributed by SFM Offshore
  Tuesday, October 29, 2019

  In mid-October 2019, the European Union's finance ministers finally removed United Arab Emirates and Switzerland from their list of non-cooperative jurisdictions. They subsequently added the countries to...
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• Information Reporting and Withholding: Substitute Forms W-9
  Contributed by Comply Exchange
  Wednesday, October 9, 2019

  Payors and withholding agents that make payments of reportable income will be interested in a quick refresher in the rules for using a substitute Forms W-9, Request for Taxpayer Identification Number and Certification...
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• Digital Services Tax in Europe
  Contributed by Tax GO
  Saturday, October 5, 2019

  The digital economy presents a challenge to the existing taxation systems in the EU. The discussion between member states began a while ago; however, the European Council failed to reach an agreement. Member states disagree on the matters of...
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• Tax Residency (Domicile) Certificate in UAE
  Contributed by Aurion
  Wednesday, October 2, 2019

  Tax Residency Certificate is issued for eligible government entities, companies and individuals to take advantage of agreements of double taxation avoidance on...
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• Information Reporting and Withholding: A Refresher of the Rules for Electronic Delivery of Recipient Statements
  Contributed by Comply Exchange
  Thursday, September 19, 2019

  Payors and withholding agents that are required to furnish a written statement to a recipient and would like to do so electronically instead of on paper will be interested in a quick refresher on the rules for electronic delivery of recipient statements...
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