Tax and legal news
An amendment to the VAT Act was approved together with a tax package, and it changed the provision governing the method of calculating and rounding VAT. The amendment as a whole is effective from April 2019, but according to the interim provisions, the existing VAT calculating method can be used until the end of September. The first impression could be that such a change is not really substantial, but omitting the change can influence the correctness of issued tax documents. We recommend to all VAT taxpayers that they check their accounting software and their preparedness for the change so that the method is applied correctly in October.  more...
The governmental amendment to the ERS Act (the Electronic Registration of Sales Act) has been under discussion for quite a long time, but the Senate has refused its wording. The approval depends on a repeated vote in Parliament in September.  more...


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