Tax and legal news

Since 2014, the method actually used in real life is the following: if the tax base for the real estate transfer tax is the agreed price, it is understood that it is the agreed price inclusive of VAT.

In the recent case no. C-386/16 Toridas, the Court of Justice again describes in detail the rules for claiming VAT exemptions for the intra-Community supply of goods.

Information about the risks of guaranteeing for VAT, information about a research and development project, and information about the application of VAT regarding members of an association

In August, we informed you about a judgement released by the Supreme Administrative Court (SAC) which has decided that, if the tax base for the real estate transfer tax is the agreed price, it is understood that it is the agreed price exclusive of VAT (if applicable), even though the explanatory memorandum to the respective act states that the agreed price means the total price inclusive of VAT.

Since 2014, the method actually used in is the following: if the tax base for the real estate transfer tax is the agreed price, it is understood that it is the agreed price inclusive of VAT.

The amendment to tax laws that we informed you about earlier was published in the Collection of Laws and will become effective from 1 July 2017. Most of the changes to value added tax will become effective at that time. A majority of the changes to income tax will not be reflected until the 2018 tax period (or the tax period beginning on 1 July 2017 or later if the tax period is a fiscal year), but there will be certain exceptions.