Tax and legal news

The Senate debated and approved an amendment to the Compensatory Tax Act which prolongs the deadline for submitting the first informative overview from ten to fifteen months after the end of the reporting period. During the debate, a number of other amendments regarding insurance companies were approved.

A new amendment to the Energy Act changes the way the photovoltaic power plants are depreciated. The special way of tax depreciation of the technological parts of the plants was revoked as of 1 August 2025.

The Senate approved the draft bill on the employer’s single monthly report (the “ESMR”) effective from 1 January 2026 with some exceptions (some reporting duties of employers and the mandatory monthly reports were postponed till 1 April 2026).

Please note that the key part of the amendment to the Value Added Tax Act became effective from 1 July 2025, and it brings significant changes to taxation of real estate.

The new Legal 500, the prestigious worldwide review of law and tax firms, has been published in March 2025.

An extensive amendment to the Value Added Tax Act came into effect at the start of January 2025. The main new changes are described below.