Doing M&A in Western Europe: Tax traps and structuring opportunities
6-12-2021 With its place in Europe and its integration in the EU, Western Europe tends to be less of a source of tax uncertainties. But conducting business in this area can be a challenge regarding tax environments which are not that similar.
Unlocking trust: why global compliance is on the business agenda
Compliance has long been a cornerstone of good business practice. But it can still be viewed as an obligation to be met rather than a driver of value. That’s why we conducted a survey of how business leaders approach global compliance, including where they focus investment, the risks they anticipate and what they expect from ‘good compliance’.
Mazars Central and Eastern European tax guide 2021
The Hungarian office of Mazars published for the ninth time its regional material, Mazars Central and Eastern European tax guide 2021, which presents snapshots and comparative charts of the tax systems of 21 CEE countries for 2021.
Doing M&A in Asia Pacific: Tax traps and structuring opportunities
14-06-2021 Seeking opportunities outside their country of origin is a natural part of the growth journey for many businesses. By opening up new markets and connecting with new customers, businesses can increase their sales and profits, while spreading their risk by not having to rely on any one single market.
Webinar: Regionalni pregled aktualnosti iz područja transfernih cijena (RH, SLO i RS)
Društva čije poslovanje prelazi međunarodne granice sve su češće suočena sa složenim regulatornim i poreznim pitanjima koja se tiču više različitih jurisdikcija u kojima djeluju. Transferne cijene stoga ulaze u vrh poreznih prioriteta za mnoga srednja i velika poduzeća, budući da mogu imati značajan utjecaj na poslovanje društava.
Prisutnost Mazarsa u Hrvatskoj, Srbiji i Sloveniji omogućava Mazars timu da klijentima koji posluju u regiji ponudi rješenja koja su prilagođena lokalnim potrebama i zahtjevima.
Kako bi dao osvrt na aktualnosti transfernih cijena u regiji, Mazars će održati webinar na temu transfernih cijena i drugih povezanih tema.
Obrazac za priznavanje prava na porezne olakšice u godišnjem obračunu poreza na dohodak – ZPP DOH
Iako je većina poreznih olakšica ukinuta davnih dana (sjećamo se olakšica za kamate na stambene kredite, investicijsko održavanje stambenog prostora i dr.), a poslodavci i Porezna uprava automatski rade godišnji obračun te vraćaju eventualno preplaćeni porez na dohodak, i dalje je moguće dodatno tražiti npr. olakšicu za donacije u humanitarne svrhe, ili sa supružnikom preraspodijeliti osobni odbitak za uzdržavane članove obitelji djecu, bez obzira na čijoj su poreznoj kartici. U nastavku dajemo kratki pregled kako to funkcionira u praksi.
U ožujku i travnju 2020. doneseno je određeni broj mjera nastavno na COVID-19, a koje utječu na izračun plaće. Mazars je pripremio kalkulator plaće u obliku excel tablice, kao i kratke upute u obliku videa! Niže preuzmite i sažeti pregled ključnih potpora HZZ-a s kratkim objašnjenjima!
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.
Interest rate on loans between related parties for 2019
In accordance with Article 14 paragraph 3 of Profit Tax Act, the Minister of Finance has declared that the arm’s length interest rate on loans between related parties is 3.96% per annum, effective 1 January 2019. Stated interest rate decreased from previous year when it was 4,55%.
Proposal of the Most Important Changes in Croatian Tax System
Croatian Ministry of Finance has introduced a proposed set of Act changes in tax system of Republic of Croatia to a public during August. Through proposed changes most of taxes in Croatia will be covered, with biggest changes in system of CIT, VAT and PIT.
Issuing Bilingual Invoices in International Transactions
In one of the recently published opinions of the Tax Administration, the taxpayer filed a request for an opinion, referring to the opinion of the Tax Administration in 2013, in which the Tax Administration denied the possibility of issuing bilingual outgoing invoices. The taxpayer pointed out that it is unacceptable that, in addition to the Croatian language, the invoice can not be issued in another language, as agreed with the buyer.
After the previous adoption of the new set of Acts related to tax reform, which we have previously wrote about in Newsletter - amendments to the Acts, new set of Rulebooks intended to describe these Acts in detail are published in the Official Gazette no. 1/17.
The reform in question covers most of the taxes in Croatia, and the most significant changes have been conducted in the personal income tax system.
New Rulebooks were published on January 3rd, 2017. Below is an overview of the most important provisions of the new regulations and amendments to the existing regulations.
It is estimated that countries in the EU each year lose 50-70 billion because multinational companies (MNEs) tax evaders. Recent reports published are low amounts of taxes paid by certain MNP's, which calls into question the overall effectiveness and fairness of tax systems in the EU.
May 24, 2016, Budapest – The Hungarian office of MAZARS today publishes its fourth annual regional tax summary, covering the current tax regimes of the countries of Central and Eastern Europe (CEE). The aim of the leading audit and tax consultancy firm is to provide investors interested in the region with focused information about tax in the CEE countries, and also to enable them to compare various competitiveness factors. The 2016 edition presents a snapshot of the tax environments of the Visegrad countries, Greece, Russia, Ukraine, the successor states of the former Yugoslavia, as well as the three Baltic states and Albania.
In the last few months we have witnessed a remarkable increase in legislation related to transfer pricing and international taxation.
Although it sometimes seems that the country for no reason just to introduce additional administrative burdens to entrepreneurs, such actions generally occur as a result of significant tax evasion undertaken by international corporations.
European Commission Action Plan -VAT in the Future
At the official website of the EU on 7 April 2016 the European Commission adopted an Action Plan on the future of the VAT system in the EU member states. The main objective of the reforms that the European Commission proposes in the current VAT system is to prevent tax fraud because of which there is significantly less of collected tax revenues - VAT gap.
This Alert highlights the latest Global Mobility developments and hot issues in Croatia and Canada, some EU Immigration issues which might be of interest when planning your strategies and the major changes in the Romanian personal income tax legislation.
Within this article we emphasize conditions and legislation in case of expatriation in Croatia, as well as for situations when foreign companies without legal presence in Croatia employ Croatian citizens
Tax Administration invites taxpayers with abroad incomes to regulate their tax obligations!
In our previous newsletters, we wrote about how the Tax Administration is constantly working to enhance and improve internal processes, as well as about their increased intention to cooperate with tax administrations of other countries.
Due to mentioned actions, we have been approached for help by several individuals lately. Namely, the Tax Administration contacted them to report their incomes from abroad, realized in recent years.
Uvodi se obvezna prijava odnosa s povezanim osobama
Na stranicama porezne uprave objavljen je prijedlog izmijena pravilnika o porezu na dobit, a najvažnija predložena izmjena je novi obrazac PD-IPO prema kojemu je porezni obveznik dužan popuniti podatke o transakcijama s povezanim osobama.
Dodatno su pojašnjenje određene odredbe vezane za poticaje ulaganja i reinvestiranje, a više o svemu u nastavku.
On 21 January, Mazars’ Global Tax Policy Team has attended to the public consultation meeting, held by the Organisation for Economic Co-operation and Development (OECD) in Paris, representing Mazars’ comments on the Discussion Draft on Action 7 of the Base Erosion and Profit Shifting (BEPS) Action Plan. Mazars’ International Tax Policy Team welcomes the progress that the OECD has made to date and was very pleased to provide our input on the Discussion Draft.
In line with tax reform applicable as at 1 January 2015, Ministry of Finance has published implementing regulations in form of amendments of VAT, Personal Income Tax and Corporate Income Tax Rulebook. The most interesting changes are summarized in the documents below.
As the year end is approaching, so does the employer's obligation to compile the final annual tax and surtax calculation. The annual calculation is based on all salaries that are (shall be) paid out in 2014, and should be performed together with last payroll (payout) in December.
Given the fact that the values of the budget deficit and public debt given by the thresholds of 3% of deficit to GDP and 60% of debt to GDP exceed the limits determined by the European Commission, the Government adopted a National program of reforms in April 2014.