Mazars Tax Newsletter, January 2020

1. Tax reform

Further to the recent adoption of numerous amendments to the Tax Acts and Rulebooks, covered in our previous issues of the tax newsletters, we have prepared a brief overview of all major changes under last year’s reform.

 2. Tax Authorities’ opinions

With regard to the amendments to the VAT Act, Tax Authority has published few official opinions in which additionally explained some of the adopted VAT changes:

• entities which generate profit have to apply VAT exemptions for certain activities in public interest,
• newly added boxes in the ZP form (EC Sales list) concerning the call-off stock simplification,
• application of reduced rate to the preparation and serving of meals and desserts inside and outside of the catering facility.

 3. Transfer pricing

The OECD has recently issued additional interpretative guidelines on country by country reporting.