MANDAT news. Fresh tax, legal and economic information APRIL 2013
|
|
- Loreen Miles
- 5 years ago
- Views:
Transcription
1 Fresh tax, legal and economic information MANDAT news The April issue includes: Income Tax Prepayments Payments to Health Insurance Companies Not to be missed Important Dates MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava,
2 INCOME TAX PREPAYMENTS We remind you that 30 April 2013 is the deadline for final payment of the differences arising on income tax prepayments paid, where tax prepayments paid for January to March 2013 are lower than the prepayments calculated on the basis of a tax return filed for HEALTH INSURANCE PAYMENTS By filing income tax returns on the due date and paying tax obligations, duties relating to taxes and payments might not end. That is, by 30 September 2013 each health insurance company will perform an annual settlement of health insurance premiums also for the different types of occasional income, based on the income tax return filed by a taxpayer for The health insurance company will charge an underpayment arising on: transfer of options, transfer of shares of a private limited company, public limited company or transfer of rights of a cooperative association, dividends, transfer of ownership of real estate, inherited industrial and other intellectual property rights, including copyright, derivative transactions, non-cash winnings originating from sources in Slovakia, transfer of securities, and occasional activities including income from occasional agricultural production and occasional lease of movable assets. Jana Princová jana.princova@mandat.sk Tel.: The health insurance payment rate amounts to 14%. For a person with disabilities, the rate amounts to 7% (excluding dividends, where there is a single rate of 14%). The basis of assessment is consistent with the tax base, i.e. the amount from which tax has been calculated in the tax return. Below we discuss some cases where health insurance payments are paid. Sale of Real Estate When selling real estate, a distinction must be made as to whether the sale of real estate is exempt from income tax or not. MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava, 1
3 HEALTH INSURANCE PAYMENTS Sale of real estate is exempt from income tax when a taxpayer had owned an apartment or a house for more than five years or he owned the real estate before 1 January 2011, while having his permanent residence in the real estate for at least two years prior to the sale. If income from the sale of real estate was taxed in the tax return for the year 2012, the health insurance company will use the difference between income from the sale and expenses incurred to achieve it as a basis of assessment for charging health insurance payments. Based on the tax return for the year 2012, the health insurance company will perform an annual settlement of health insurance premiums by the end of September 2013 at the latest. Non-cash Winnings With winnings in various types of competitions, a distinction is made between cash winnings and non-cash winnings. Cash winnings are taxed using a withholding tax and are not disclosed in the income tax returns. In the case of non-cash winnings, e.g. winnings in the form of a car or a trip, this is not the case. Non-cash winnings must be disclosed in the tax return and tax on the winning must by paid. Health insurance premiums will be charged by the health insurance company, again based on the tax return filed. Dividends Dividends mean the share of profits, compensatory interest, or share in liquidation proceeds. The time when the dividends were paid is relevant to assess whether health insurance payments are to be paid on dividends. No health insurance payments shall be paid on profit shares for the years 2004 to The obligation to pay health insurance payments on dividends has been established since Hence, dividends on profits for the year 2011 paid in 2012 will be settled by the health insurance company in September The basis of assessment for calculating health insurance payments on dividends in the annual settlement for the year 2012 shall be the dividend income less the amount of one monthly minimum basis (i.e. EUR ). If the dividends paid amount to less than EUR , no health insurance payments are paid on that income. It is the responsibility of a dividend recipient to notify such an income to the health insurance company by the end of May A single rate of 14% has been set for all dividend recipients (including persons with disabilities). From 2013, premium prepayments on dividends have also been introduced. MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava, 2
4 HEALTH INSURANCE PAYMENTS Prepayments will be calculated and paid for the policyholder by a dividend payer. For the purposes of the Health Insurance Act, a dividend payer is a legal entity with its registered office in the territory of the Slovak Republic, who pays dividends. Prepayments are due on the eighth day after the end of the calendar month in which the dividends were paid. Prepayments are calculated at the rate of 14% of the amount of dividends paid in the calendar month, with the maximum amount 120-times the average monthly salary (in 2013: from the amount of EUR 94,320). The dividend payer is required to disclose to the competent health insurance company, in writing or electronically, the total amount of dividends paid and premium prepayments within eight days from the date of payment of dividends. A policyholder who receives income from dividends paid out by a legal entity that pays dividends and does not have its registered office in the territory of the Slovak Republic, is obliged to notify the health insurance company that is competent to perform the annual settlement of premiums of the amount of dividends he received in the previous calendar year, on a prescribed form, not later than by the end of May of the calendar year following the year for which the annual settlement of premiums is carried out. NOT TO BE MISSED Amendment to the Public Procurement Act On 18 February 2013, an amendment to the Public Procurement Act entered into force. The amendment aims to simplify public procurement procedures so that as much as possible information can be found on the Internet. Under the amendment, parties will be able to demonstrate their compliance with the conditions of participation by means of a solemn declaration; the amendment allows for the possibility of awarding the contract to second and third placed tenderers. Sanctions in the form of a ban on participation Marian Vojtek marian.vojtek@mandat.sk Tel.: MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava, 3
5 IMPORTANT DATES: 1 MAY 2013 TO 31 AUGUST 2013 Deadline for Legal Obligation 9. May 2013 Nature of Legal Obligation Maturity date for social insurance contribution and health insurance advance payment for sole traders for the period of April 2013 Maturity date for social insurance contribution and health insurance advance payment made by the employer for employees for the period of April days Payment of advances for tax on income from dependent activities by the employer for April May 2013 Payment of withholding tax and subsequent notification to the respective tax office. Payment of the amount deducted from payments to entities and individuals for the purposes of tax securement by the payers of these payments and subsequent notification to the respective tax office. 20. May 2013 Obligation to register for VAT payment for a tax entity that achieved a turnover of EUR 49,790 Deadline for filing a summary statement for April 2013 for VAT payers doing intra-community supplies in the EU 27. May 2013 Filing of VAT tax return and payment of tax obligations: for the month of April 2013 (if the tax period is the Submission of records kept under Article 70, para 6 of the VAT Act to the tax office: for the month of April 2013 (if the tax period is the upon acquisition of a motor vehicle from another Member State which is or which was registered in the motor vehicle registry in another Member State, for the purpose of its resale. 31. May 2013 Maturity date of the monthly advance payment for corporate income tax in the amount of 23 % of the tax base calculated in the tax return for the tax period 2012, if the tax for the calendar year 2012 was in excess of EUR 16, Maturity date of the monthly motor vehicle tax advance payment for the taxpayer whose estimated tax with one tax MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava, 4
6 IMPORTANT DATES: 1 MAY 2013 TO 31 AUGUST 2013 Deadline for Legal Obligation Nature of Legal Obligation administrator exceeds EUR 8,292, in the amount of 1/12 of the estimated tax. The taxpayer s deadline for submission to the tax office of a statement providing an overview of withheld and paid advances for the tax on income from dependent activities, and a tax bonus overview for April June 2013 Maturity date for social insurance contribution and health insurance advance payment for sole traders for the period of May 2013 Maturity date for social insurance contribution and health insurance advance payment made by the employer for employees for the period of May days Payment of advances for tax on income from dependent activities by the employer for May June 2013 Payment of withholding tax and subsequent notification to the respective tax office. Payment of the amount deducted from payments to entities and individuals for the purposes of tax securement by the payers of these payments and subsequent notification to the respective tax office. 20. June 2013 Obligation to register for VAT payment for a tax entity that achieved a turnover of EUR 49,790 Deadline for filing a summary statement for May 2012 VAT payers doing intra-community supplies in the EU 25. June 2013 Filing of VAT tax return and payment of tax obligations: for the month of May 2013 (if the tax period is the Submission of records kept under Article 70, para 6 of the VAT Act to the tax office: for the month of May 2013 (if the tax period is the upon acquisition of a motor vehicle from another Member State which MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava, 5
7 IMPORTANT DATES: 1 MAY 2013 TO 31 AUGUST 2013 Deadline for Legal Obligation Nature of Legal Obligation is or which was registered in the motor vehicle registry in another Member State, for the purpose of its resale. 1. July 2013 Maturity date of the monthly advance payment for corporate income tax in the amount of 23 % of the tax base calculated in the tax return for the tax period 2012, if the tax for the calendar year 2012 was in excess of EUR 16, Maturity date of the monthly motor vehicle tax advance payment for the taxpayer whose estimated tax with one tax administrator exceeds EUR 8,292, in the amount of 1/12 of the estimated tax. Maturity date of the quarterly motor vehicle tax advance payment for the taxpayer whose estimated tax with one tax administrator exceeds EUR 660 but no more than EUR 8,292, in the amount of 1/4 of the estimated tax. The taxpayer s deadline for submission to the tax office of a statement providing an overview of withheld and paid advances for the tax on income from dependent activities, and a tax bonus overview for May July 2013 Maturity date for social insurance contribution and health insurance advance payment for sole traders for the period of June 2013 Maturity date for social insurance contribution and health insurance advance payment made by the employer for employees for the period of June days Payment of advances for tax on income from dependent activities by the employer for June July 2013 Payment of withholding tax and subsequent notification to the respective tax office. Payment of the amount deducted from payments to entities and individuals for the purposes of tax securement by the payers of these payments and subsequent notification to the respective tax office. 22. July 2013 Obligation to register for VAT payment for a tax entity that achieved a turnover of EUR 49,790 MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava, 6
8 IMPORTANT DATES: 1 MAY 2013 TO 31 AUGUST 2013 Deadline for filing a summary statement for June 2013 and for 2nd quarter VAT payers doing intra-community supplies in the EU 25. July 2013 Filing of VAT tax return and payment of tax obligations: for the month of June 2013 (if the tax period is the for the 2nd quarter of 2013 (if the tax period is the calendar quarter) Submission of records kept under Article 70, para 6 of the VAT Act to the tax office: for the month of June 2013 (if the tax period is the for the 2nd quarter of 2013 (if the tax period is the calendar quarter) upon acquisition of a motor vehicle from another Member State which is or which was registered in the motor vehicle registry in another Member State, for the purpose of its resale. 31. July 2013 Maturity date of the monthly advance payment for corporate income tax in the amount of 23 % of the tax base calculated in the tax return for the tax period 2012, if the tax for the calendar year 2012 was in excess of EUR 16, Maturity date of the monthly motor vehicle tax advance payment for the taxpayer whose estimated tax with one tax administrator exceeds EUR 8,292, in the amount of 1/12 of the estimated tax. The taxpayer s deadline for submission to the tax office of a statement providing an overview of withheld and paid advances for the tax on income from dependent activities, and a tax bonus overview for June August 2013 Maturity date for social insurance contribution and health insurance advance payment for sole traders for the period of July 2013 Maturity date for social insurance contribution and health insurance advance payment made by the employer for employees for the period of July days Payment of advances for tax on income from dependent activities by the employer for July 2013 MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava, 7
9 IMPORTANT DATES: 1 MAY 2013 TO 31 AUGUST 2013 Deadline for Legal Obligation Nature of Legal Obligation 15. August 2013 Payment of withholding tax and subsequent notification to the respective tax office. Payment of the amount deducted from payments to entities and individuals for the purposes of tax securement by the payers of these payments and subsequent notification to the respective tax office. 20. August 2013 Obligation to register for VAT payment for a tax entity that achieved a turnover of EUR 49,790 Deadline for filing a summary statement for July 2013 VAT payers doing intra-community supplies in the EU 26. August 2013 Filing of VAT tax return and payment of tax obligations: for the month of July 2013 (if the tax period is the Submission of records kept under Article 70, para 6 of the VAT Act to the tax office: for the month of July 2013 (if the tax period is the upon acquisition of a motor vehicle from another Member State which is or which was registered in the motor vehicle registry in another Member State, for the purpose of its resale. MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava, 8
10 ABOUT US The companies MANDAT CONSULTING, k.s. and MANDAT AUDIT, s.r.o. were founded in 2004 as tax advisory and auditing companies. Since their establishment, they have been providing small, medium-sized and companies active in Slovakia with services in the field of tax consultancy, audit and accounting. Long-lasting cooperation with foreign advisory companies hand in hand with the competence of Slovakian tax advisors and auditors enables us rendering our service to the clients originated from abroad. In present time, 41 well trained members of our staff are at the disposal to our clients. Information provided in this material are only of a cursory nature. MANDAT CONSULTING, k.s. assumes no liability for any decision taken on the basis of this issue. Should you wish to add other person to be receiving MANDAT news, please contact: news@mandat.sk Please contact us, should you require additional information. MANDAT CONSULTING, k.s., Nám. SNP 15, Bratislava, 9
MANDAT news. Fresh tax, legal and economic information JANUARY 2014
Fresh tax, legal and economic information MANDAT news The January issue includes: Act on Income Tax Income tax advance payments Not to be missed MANDAT CONSULTING, k.s., Nám. SNP 15, 811 01 Bratislava,
More informationMANDAT news. Fresh tax, legal and economic information JULY-AUGUST The July-August issue includes: Micro-Entity
Fresh tax, legal and economic information MANDAT news The July-August issue includes: Micro-Entity With effect from 1 January 2014, under an amendment to the Act on Accounting, a new type of entity has
More informationThe most important legislative changes in Slovakia as of 2018 ebook
The most important legislative changes in Slovakia as of 2018 ebook INTRODUCTION Are you wondering about the most significant changes in the Slovak legislation with the arrival of 2018? Our experts have
More informationInternational Tax Slovakia Highlights 2019
International Tax Updated January 2019 Investment basics: Currency Euro (EUR) Foreign exchange control No restrictions are imposed on the import or export of capital, and repatriation payments may be made
More informationFundamentals Level Skills Module, Paper F6 (CZE)
Answers Fundamentals Level Skills Module, Paper F6 (CZE) Taxation (Czech) Section B December 207 Answers and Marking Scheme (a) Leboslavia, a.s. (Leboslavia) (i) (b) Jana The shortest time period the tax
More informationSection A. 2 B CZK Annual rental income (12*CZK 12,000) 144,000 Lump sum costs 30% (43,200) Partial rental tax base 100,800
Answers Applied Skills, TX CZE Taxation Czech (TX CZE) December 208 Answers and Marking Scheme Section A A Income subject to taxation in the Czech Republic: () Income from permanent establishment of Ahaefekt,
More informationReferring to our previous communication please find below our memo on New Act on Insurance Premium Tax valid from 1 January 2019.
Impendulo Ltd 85 Gresham Street London EC2V 7NQ Great Britain Bratislava, 21 August 2018 Memo: Insurance Premium Tax new IPT Act valid from 1 January 2019 Referring to our previous email communication
More informationTAX CARD 2016 ROMANIA
ROMANIA TAX CARD TAX CARD 2016 ROMANIA Table of Contents 1. Individuals 1.1 Personal Income Tax 1.1.1 Tax Rates 1.1.2 Taxable Income 1.1.3 Exempt Income 1.1.4 Deductible Expenses/Allowances 1.2 Social
More informationTHE LAW ON TAX ON INCOME OF NATURAL PERSONS (LAW ON PERSONAL INCOME TAX) I BASIC PROVISIONS
Pursuant to Article 88 Item 2 of the Constitution of the Republic of Montenegro I hereby pass the DECREE PROMULGATING THE LAW ON TAX ON INCOME OF NATURAL PERSONS (Official Gazette of the Republic of Montenegro
More informationTax System of the Czech Republic
Tax System of the Czech Republic Division of taxes direct indirect Income tax Road tax Real estate tax Inheritance and gift tax, real estate transfer tax Value added tax Excise duties Environmental protection
More informationStarting Business in Slovakia for Migrants
Starting Business in Slovakia for Migrants (a guide to the basic administrative steps to commence business) Information material for entrepreneurs 1 SBA, Bratislava, 2015 All rights reserved. Data contained
More informationPublished on Taxation and customs union (https://ec.europa.eu/taxation_customs/business/vat/telecommunications-broadcasting-electronic-services)
Published on Taxation and customs union (https://ec.europa.eu/taxation_customs/business/vat/telecommunications-broadcasting-electronic-services) Slovenia-2018-03-28 Groups audience: Slovenia [1] Validity
More informationTax System of the Czech Republic
Tax System of the Czech Republic Division of taxes direct indirect Income tax (including inheritance and gift) Road tax Real estate tax Real estate transfer tax Value added tax Excise duties Environmental
More informationInternational Tax Albania Highlights 2018
International Tax Albania Highlights 2018 Investment basics: Currency Albanian Lek (ALL) Foreign exchange control There are no foreign exchange controls; repatriation of funds may be made in any currency.
More information- Observation of competitiveness rule which is to ensure the same taxation rules apply for all taxpayers in the Member States.
The Tax on Goods and Services(VAT) Introduction VAT was introduced in Poland in 1993. Since 1 May 2004 it has been harmonized with the common system of VAT binding in the Member States of the European
More information2018 TAX GUIDELINE. Slovakia.
2018 TAX GUIDELINE Slovakia slovakia@accace.com www.accace.com www.accace.sk Contents General information about Slovakia 3 Legal forms of business 4 General rules on purchasing of real estate 4 Share deal
More informationTAXATION OF EXPATRIATES WORKING IN THE SLOVAK REPUBLIC OUR OFFICES:
TAXATION OF EXPATRIATES WORKING IN THE SLOVAK REPUBLIC OUR OFFICES: guide2007.p65 1 Leitner + Leitner No reliance should be placed on nor should decisions be taken on the basis of the contents of this
More informationThe reduced VAT rate of 5% remains unchanged while the super reduced VAT rate is increased from 8% to 9%.
Cyprus Companies Published on Friday, 2 nd May 2014 The cabinet decided on April 23, 2014 to form a new unified tax authority which will replace the existing two separate authorities, the income tax and
More informationALBANIA TAX CARD 2017
ALBANIA TAX CARD 2017 TAX CARD 2017 ALBANIA Table of Contents 1. Individuals 1.1 Personal Income Tax 1.1.1 Tax Rates 1.1.2 Taxable Income 1.1.3 Exempt Income 1.1.4 Deductible Expenses 1.2 Social Security
More informationInternational Tax Spain Highlights 2018
International Tax Spain Highlights 2018 Investment basics: Currency Euro (EUR) Foreign exchange control No, but the government requires prior notification of certain capital movements under anti-money
More informationVAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC.
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes VAT in the European Community APPLICATION IN THE MEMBER STATES,
More informationSerbia. Tax&Legal Highlights May International taxation
Tax&Legal Highlights May 2018 Tax&Legal Highlights Serbia International taxation Serbia is one of the first countries to ratify the Multinational Convention, as the National Assembly of the Republic of
More information2018 TAX GUIDELINE. Poland.
2018 TAX GUIDELINE Poland poland@accace.com www.accace.com www.accace.pl Contents General information about Poland 4 Legal forms of business 5 General rules on purchasing real estate by foreigners 5 Legal
More informationTaxation of cross-border mergers and acquisitions
Taxation of cross-border mergers and acquisitions Slovakia kpmg.com/tax KPMG International Taxation of cross-border mergers and acquisitions a Slovakia Introduction This overview of the Slovak business
More informationGeneral Terms and Conditions of Purchase
General Terms and Conditions of Purchase of VOLKSWAGEN SLOVAKIA, a.s. with registered office at J. Jonáša 1, 843 02 Bratislava, Slovak Republic identification number (IČO): 35 757 442 registered in the
More informationFYR MACEDONIA TAX CARD
FYR MACEDONIA TAX CARD 2017 TAX CARD 2017 FYR MACEDONIA Table of Contents 1. Individuals 1.1 Personal Income Tax 1.1.1 Tax Exemptions 1.1.2 Deductible Expenses 1.2 Capital Gains Tax 1.3 Social Security
More informationVAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC.
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes Brussels, October 2010 TAXUD/C/1 VAT in the European Community APPLICATION
More informationSlovakia Country Profile
Slovakia Country Profile EU Tax Centre July 2016 Key tax factors for efficient cross-border business and investment involving Slovakia EU Member State Double Tax Treaties Yes With: Australia Austria Belarus
More informationPocket Tax Book A Practical Guide to the Slovak Tax System
Pocket Tax Book 2016 A Practical Guide to the Slovak Tax System This booklet is based on the tax law as it stands on 1 January 2016. It is intended to provide a general guide and is, therefore, in a condensed
More informationFundamentals Level Skills Module, Paper F6 (CZE)
Answers Fundamentals Level Skills Module, Paper F6 (CZE) Taxation (Czech) Material, a.s. June 205 Answers and Marking Scheme (a) 204 corporate income tax liability Accounting revenues Sales of goods and
More informationTaxation (F6) Poland (POL) June & December 2014
Taxation (F6) Poland (POL) June & December 2014 This syllabus and study guide is designed to help with planning study and to provide detailed information on what could be assessed in any examination session.
More information2017 Tax Calendar Romania
VAT 2017 Tax Calendar Romania Submission of amendments return regarding the change of the VAT reporting period to be submitted by tax payers which report VAT on a quarterly basis and perform an EU acquisition
More informationVAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC...
VAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC... Note This document collates a range of basic information on the application
More informationInternational Tax Latvia Highlights 2019
International Tax Updated January 2019 Investment basics: Currency Euro (EUR) Foreign exchange control No Accounting principles/financial statements National standards (following IAS) and IFRS. Financial
More informationFundamentals Level Skills Module, Paper F6 (CZE)
Answers Fundamentals Level Skills Module, Paper F6 (CZE) Taxation (Czech) Companella, a. s. (Companella) December 0 Answers and Marking Scheme (a) 0 corporate income tax Accounting income Proceeds from
More informationANNUAL REPORT. (translation of the Estonian original) Beginning of financial year: End of financial year:
ANNUAL REPORT (translation of the Estonian original) Beginning of financial year: 01.01.2014 End of financial year: 31.12.2014 Business name: AS SmartCap Commercial Registry no.: 12071991 Legal address:
More informationInternational Tax Ukraine Highlights 2018
International Tax Ukraine Highlights 2018 Investment basics: Currency Ukrainian Hryvnia (UAH) Foreign exchange control Only local currency generally may be used in business transactions between residents.
More informationBulgaria. Tax&Legal Highlights November Tax legislation changes for 2019
Tax&Legal Highlights November 2018 Tax&Legal Highlights Bulgaria Tax legislation changes for 2019 On 27 November 2018 amendments to the Corporate Income Tax Act, the Personal Income Tax Act ( PITA ), the
More informationUkraine. International Tax Contacts. 28 Fizkultury street Kyiv 03680, Ukraine T: Tax
Ukraine International Tax Contacts Baker Tilly 28 Fizkultury street Kyiv 03680, Ukraine T: +380 44 284 1865 www.bakertilly.ua Tax Tatiana Stretovych Head of Tax Practice T: +380 (73) 337-82-07 tatiana.stretovych@bakertilly.ua
More informationFundamentals Level Skills Module, Paper F6 (CZE)
Answers Fundamentals Level Skills Module, Paper F6 (CZE) Taxation (Czech) December 2011 Answers and Marking Scheme 1 (a) Skiamo, s. r. o. (i) 2011 corporate income tax Accounting income Proceeds from the
More informationFOREWORD. Slovak Republic
FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are there
More informationA summary of the changes of the tax laws for 2014
A summary of the changes of the tax laws for 2014 (in force as from January 1 st, 2014 if not otherwise defined in the below provisions) Law No.9920 dated 19.05.2008 On Tax Procedures in the Republic of
More informationInformation for clients No. 3
Information for clients No. 3 Slovakia December 2016 Dear clients! Year-end is once again approaching so we would like to take a brief look at the past year. You will have certainly noticed that our company
More informationSELECTED ASPECTS OF THE TAXATION OF FOREIGN ENTITIES IN SLOVAK TAX LAW
2 SELECTED ASPECTS OF THE TAXATION OF FOREIGN ENTITIES IN SLOVAK TAX LAW Ing. Vladimír Podolinský, Mgr. Juraj Vališ In the context of the globalising economy it is becoming ever more frequent that a business
More informationInternational Tax Greece Highlights 2019
International Tax Updated January 2019 Recent developments: For the latest tax developments relating to Greece, see Deloitte tax@hand. Investment basics: Currency Euro (EUR) Foreign exchange control Restrictions
More informationInternational Tax Slovenia Highlights 2018
International Tax Slovenia Highlights 2018 Investment basics: Currency Euro (EUR) Foreign exchange control Bank accounts may be held and repatriation payments made in any currency. Accounting principles/financial
More informationColombia VAT. Types of indirect taxes (VAT/GST and other indirect taxes) General
40 Americas indirect tax country guide Colombia General Types of indirect taxes ( and other indirect taxes) Are there other indirect taxes? What are the standard or other rates (i.e. reduced rate) for
More informationTaxpayer's. Calendar. Tax information
Taxpayer's Calendar 2010 Tax information 901 33 55 33 2010 GENERAL TAXPAYER'S CALENDAR To remind taxpayers of their main national tax obligations, whether periodic or otherwise, during 2010. Submission
More informationTAXATION OF INCOME OF NON-RESIDENTS OF LITHUANIA
TABLE OF CONTENTS TAXATION OF INCOME OF NON-RESIDENTS OF LITHUANIA (For reporting income of 2015 and subsequent tax periods) I. INTRODUCTORY PART II. TAXATION AND REPORTING OF INCOME OF A NON-RESIDENT
More informationTax Newsletter. No. 11 / 2005
page Tax Newsletter No. 11 / 2005 Str. Brezoianu, Nr. 36, Sector 1, Bucuresti Tel: +40 (0)21 313 70 31 Tel: +40 (0)745 20 27 39 Fax:+40 (0)21 313 70 68 Contents: ORDER regarding tax returns and use of
More informationTaxation Poland (TX- POL) (F6)
June and December 2018 Taxation Poland (TX- POL) (F6) Syllabus and study guide Guide to structure of the syllabus and study guide Overall aim of the syllabus This explains briefly the overall objective
More informationInternational Tax Croatia Highlights 2018
International Tax Croatia Highlights 2018 Investment basics: Currency Croatian Kuna (HRK) Foreign exchange control The Foreign Exchange Act regulates domestic and foreign currency transactions. Legal entities,
More informationTax & Legal Newsletter December 2015
LAW ON AMENDMENTS AND ADDITIONS TO THE TAX CODE On 7 the President of the Republic of Azerbaijan signed the Law On Amendments and additions to the Tax Code, which had earlier been approved by the Parliament
More informationTime allowed Tax rates and allowances are on pages 2 5.
Fundamentals Level Skills Module Taxation (Czech) Tuesday 2 June 2015 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Tax rates and
More informationInternational Tax Greece Highlights 2018
International Tax Greece Highlights 2018 Investment basics: Currency Euro (EUR) Foreign exchange control Capital controls are in force and certain limitations still apply on bank withdrawals and bank transfers
More informationBUSINESS TERMS AND CONDITIONS FOR THE PROVISION OF PAYMENT SERVICES
BUSINESS TERMS AND CONDITIONS FOR THE PROVISION OF PAYMENT SERVICES PART ONE GENERAL PROVISIONS Article 1 Basic Provisions 1. This document constitutes Business Terms and Conditions of UniCredit Bank Czech
More informationReference Interest Rate published by the National Bank of Romania
May 2015 Reference Interest Rate published by the National Bank of Romania Circular letter of the National Bank of Romania no. 17/2015, published in the Official Gazette no. 316 of 8 May 2015 As of 7 May
More informationSwitzerland. Investment basics
Switzerland Diego Weder Director Tel: +1 212 492 4432 diweder@deloitte.com Investment basics Currency Swiss Franc (CHF) Foreign exchange control restrictions are imposed on the import or export of capital.
More informationDINOS ANTONIOU & CO LTD CYPRUS TAX INFORMATION
DINOS ANTONIOU & CO LTD CYPRUS TAX INFORMATION 2013 CORPORATION TAX Tax Basis A company is tax resident of Cyprus if its management and control is exercised in Cyprus. Some of the most important factors
More informationCyprus VAT Yacht Leasing Scheme
Cyprus VAT Yacht Leasing Scheme We would like to inform you that the Tax Department of the Republic of Cyprus has issued on 25 November 2015, Circular No. 198, amending the provisions the Cyprus Yacht
More informationAnnual Obligations of a Cyprus Company
Annual Obligations of a Cyprus Company 1. ACCOUNTING RECORDS It is a legal requirement that every Cyprus Company should keep books of account to record its transactions and enable the preparation of financial
More informationFact Sheet No.14 Corporate Tax and Depreciation
14. Corporate Tax and Depreciation Corporate income tax is levied on income from the worldwide operations of Czech tax residents and on Czech-source income of Czech tax non-residents. Czech tax residents
More informationUpdate: 1st January
- Issue Date: 1 st April 2014 Version: 6 Update: 1st January 2018 http://support.maltaenterprise.com Malta Enterprise provides support to interested applicants to understand the objectives of the incentive,
More informationEuropean Union: Accession States Tax Guide. LITHUANIA Lawin
A. General information European Union: Accession States Tax Guide LITHUANIA Lawin CONTACT INFORMATION Gintaras Balcius Lawin Jogailos 9/1 Vilnius, LT-01116 Lithuania 370.5.268.18.88 gintaras.balcius@lawin.lt
More informationTax & Legal 30 November 2017
Tax & Legal 30 November 2017 LT in Focus Changes in VAT law: electronic services; payers of unified agricultural tax; 5% rule for input VAT allocation; zero VAT rate for international transportation, freight
More information2017 Transfer Pricing Overview Poland
2017 Transfer Pricing Overview Poland poland@accace.com www.accace.com www.accace.pl Contents Applicable Legislation 3 Transactions Subject to Transfer Pricing Documentation 4 Scope of Transfer Pricing
More informationTax alert Estonia, Issue 35, January 2018
www.pwc.ee AS PricewaterhouseCoopers in Estonia helps clients in finding tax efficient business solutions and managing tax risks. We work together with our colleagues in other PricewaterhouseCoopers offices
More informationCorporate entities, including subsidiaries of foreign companies incorporated under Macedonian law, are considered Macedonian tax residents.
Taxation Profit Tax Corporate entities, including subsidiaries of foreign companies incorporated under Macedonian law, are considered Macedonian tax residents. Upon registration in Macedonia, these legal
More informationSERBIA LAW ON INVESTMENT FUNDS 46/2006
SERBIA LAW ON INVESTMENT FUNDS 46/2006 Important Disclaimer This translation has been generously provided by the Securities Commission of the Republic of Serbia. This does not constitute an official translation
More informationLeasing taxation Estonia
2012 KPMG Baltics OÜ, an Estonian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss
More informationINTRODUCTION. In the case of any question regarding this new tax, we would be pleased to provide you with our assistance. 2 Tax on non-life insurance
New tax on non-life insurance premium introduced in Slovakia from 1 January 2019 INTRODUCTION As of 1 January 2019, the new law on Insurance Premium Tax, which may concern also your company, will become
More informationVAT in the European Community APPLICATION IN THE MEMBER STATES, INFORMATION FOR USE BY: ADMINISTRATIONS/TRADERS INFORMATION NETWORKS, ETC.
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes Brussels, October 2010 TAXUD/C/1 VAT in the European Community APPLICATION
More informationPocket Tax Book A Practical Guide to the Slovak Tax System
Pocket Tax Book 2017 A Practical Guide to the Slovak Tax System This booklet is based on the tax law as it stands on 1 January 2017. It is intended to be a general guide and is, therefore, in a condensed
More informationGEORGIA TAX CARD 2017
GEORGIA TAX CARD 2017 TAX CARD 2017 GEORGIA Table of Contents 1. Personal Income Tax 1.1 Tax Rates 1.2 Exemptions 2. Corporate Tax 2.1 Tax Rates 2.2 Exemptions 2.3 Losses 3. Withholding Tax 4. Value Added
More informationANNUAL REPORT. (Translation of the Estonian original) Beginning of financial year: End of financial year:
ANNUAL REPORT (Translation of the Estonian original) Beginning of financial year: 01.01.2015 End of financial year: 31.12.2015 Business name: AS SmartCap Commercial Registry no.: 12071991 Legal address:
More informationFinancial Directorate of the Slovak Republic. Information concerning the levy on non-life insurance premiums
Financial Directorate of the Slovak Republic Information concerning the levy on non-life insurance premiums The transfer of a portion of premiums from non-life business as a levy (hereinafter levy ) is
More informationTerms and Conditions for Bank Correspondents (Hereinafter as Terms and Conditions or T&C )
Československá obchodná banka, a.s., Slovak Republic (Hereinafter as ČSOB or the Bank ) Terms and Conditions for Bank Correspondents (Hereinafter as Terms and Conditions or T&C ) Valid as of June 1, 2016
More informationAMENDMENTS TO THE CORPORATE INCOME TAXATION ACT EFFECTIVE AS OF 1 JANUARY 2014 AND 1 JANUARY 2015
AMENDMENTS TO THE CORPORATE INCOME TAXATION ACT EFFECTIVE AS OF 1 JANUARY 2014 AND 1 JANUARY 2015 With the Law for Amendment and Supplementation of the Value Added Tax, promulgated in State Gazette issue
More informationVAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC.
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes VAT in the European Community APPLICATION IN THE MEMBER STATES,
More informationContents. 3. Major Taxes in Japan Taxes on Income 7 12 (1) Taxes on Personal Income (2) Taxes on Corporate Income (3) Withholding Income Tax
Contents Preface 1 1. Administration System 2 4 (1) Structure of National (2) Structure of Local (3) Principle of No ation Without Law (4) Self-Assessed ation System (5) Inspection and Relief System 2.
More informationInternational Tax Ireland Highlights 2018
International Tax Ireland Highlights 2018 Investment basics: Currency Euro (EUR) Foreign exchange control None, and no restrictions are imposed on the import or export of capital. Repatriation payments
More informationTax Calendar Czech Republic
Tax Calendar Czech Republic 2018 #accacelife www.accace.com www.accace.cz Monthly tasks for you Not necessarily tax related January 2018 January 08 22 25 - Payment of advances on health insurance contributions
More informationInternational Tax Israel Highlights 2018
International Tax Israel Highlights 2018 Investment basics: Currency New Israeli Shekel (NIS) Foreign exchange control There are no foreign currency restrictions. Accounting principles/financial statements
More informationMontenegro Country Profile
Montenegro Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Montenegro EU Member State (EU candidate) Double Tax Treaties With: Albania
More information2018 Transfer Pricing Overview Poland
2018 Transfer Pricing Overview Poland poland@accace.com www.accace.com www.accace.pl Contents Introduction 3 Applicable Legislation 4 Transactions Subject to Transfer Pricing Documentation 5 Scope of Transfer
More informationTax Card May kpmg.com.cy
Tax Card 2018 May 2018 kpmg.com.cy 1. Personal Income Tax 1.1 Tax Rates Chargeable Income 0-19.500 Tax Rate % Tax Amount Cumulative Tax 0 19.501-28.000 20 1.700 1.700 28.001-36.300 25 2.075 3.775 36.301-60.000
More informationFOREWORD. Montenegro. Services provided by member firms include:
2015/16 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More informationInternational Tax Turkey Highlights 2018
International Tax Turkey Highlights 2018 Investment basics: Currency Turkish Lira (TRY) Foreign exchange control The TRY is fully convertible, at least from the Turkish side, to the extent Turkey is recognized
More informationAUDIT UNDP UKRAINE. EU BORDER ASSISTANCE MISSION - 9 (Directly Implemented Project No ) Report No Issue Date: 9 December 2013
UNITED NATIONS DEVELOPMENT PROGRAMME Office of Audit and Investigations AUDIT OF UNDP UKRAINE EU BORDER ASSISTANCE MISSION - 9 (Directly Implemented Project No. 79895) Report No. 1199 Issue Date: 9 December
More informationInternational Tax Georgia Highlights 2018
International Tax Georgia Highlights 2018 Investment basics: Currency Georgian Lari (GEL) Foreign exchange control There generally are no foreign exchange controls and no restrictions on the import or
More informationInternational Tax Luxembourg Highlights 2018
International Tax Luxembourg Highlights 2018 Investment basics: Currency Euro (EUR) Foreign exchange control No Accounting principles/financial statements Luxembourg GAAP/IFRS. Financial statements must
More informationFOREWORD. Slovak Republic
2016/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More informationFOREWORD. Cameroon. Services provided by member firms include:
2016/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More informationTax Flash Law 4446/2016
Tax Flash Law 4446/2016 December 2016 Law 4446/2016 titled «Bankruptcy Code, Administrative Justice, Duties, Voluntary Disclosure of Income of previous years, Electronic Transactions, Amendments to L.
More informationMANDATUM RUSSIA FUND. Simplified Prospectus. Emerging Market Funds. Unofficial translation of the simplified prospectus (4 April, 2007)
MANDATUM RUSSIA 1(5) Emerging Market Funds MANDATUM RUSSIA FUND Unofficial translation of the simplified prospectus (4 April, 2007) Simplified Prospectus Should there be any discrepancies between the original
More informationPROPERTY TAXES LAW I. GENERAL PROVISIONS. Article 1. This Law introduces and regulates the following kinds of property taxes: PART ONE PROPERTY TAX
PROPERTY TAXES LAW (Official Gazette 80/93, 3/94, 71/96) I. GENERAL PROVISIONS Article 1 This Law introduces and regulates the following kinds of property taxes: 1. Property tax; 2. Inheritance and endowment
More informationSpain to require maintenance and submission of VAT books by electronic means
24 November 2015 Indirect Tax Alert Spain to require maintenance and submission of VAT books by electronic means EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationAUDIT UNDP CYPRUS. SUPPORT TO COMMITTEE ON MISSING PERSONS (Directly Implemented Project, Output No ) Report No Issue Date: 26 June 2014
UNITED NATIONS DEVELOPMENT PROGRAMME Office of Audit and Investigations AUDIT OF UNDP CYPRUS SUPPORT TO COMMITTEE ON MISSING PERSONS (Directly Implemented Project, Output No. 84969) Report No. 1361 Issue
More informationMANDATORY MEMBERSHIP FOR BUSINESS ENTITIES IN THE SERBIAN CHAMBER OF COMMERCE
3/2017 NEWSLETTER The beginning of 2017 brought about many interesting questions and situations, therefore we will reflect on some of them. Should you have additional question or any other type of question,
More informationMexico. Investment basics
Mexico Josemaria Cabanillas Director Tel: +1 718 508 6804 jmcabanillas@deloitte.com Eduardo Rueda Senior Manager Tel: +1 212 492 4765 eruedaherrera@deloitte.com Investment basics Currency Mexican Peso
More information