Tax and legal news

Effective from 1 February 2016, the obligatory application of the tax reverse charge regime for VAT has been extended to other supplies.

As we have informed you last year, the amendment to the Real Estate Tax Act came into effect on 1 January 2016. It will affect the real estate tax returns submitted for the 2016 tax period. The dead line for submitting the real estate tax return is 1 February 2016.

Currently, a few legislative changes to VAT are being debated. They should become effective in 2016. The changes are included in the bill on electronic recording or the prepared amendment to the Customs Code. Wwe briefly list the most important of these.

The Ministry of Finance made the sites for testing the electronic submission of the inspection report for VAT accessible to the public.

We have informed you in our newsletters about the new duty to submit the inspection report, which will become effective from 1 January 2016 and will affect all VAT payers. We will keep you informed about any developments in this area. As a part of its information campaign, the Ministry of Finance has published a leaflet on the upcoming obligation to submit the inspection report.

The Ministry of Finance published on their web pages an announcement addressed to software firms which provide applications for processing the electronic submissions of tax payers. The announcement mainly relates to defects in not complying with the requirements for the submissions.