We would like to advise you of the Law on transfer pricing documentation (further referred to as LTPD), which is valid from August 2016 in Austria. This law introduces an extension of regulators for multinationals for the taxable period beginning from the 1st of January 2016. After fulfilling the financial conditions below (the amount of…
All electronic mailboxes were originally scheduled for automatic activation on 1 January 2017 and authorities were to send all official documents to companies using the electronic mailboxes as well. However, the date of mandatory activation for legal entities with registered office in Slovakia that are not registered in the Commercial Code was changed vis-a-vis mandatory…
The new Act on the Register of Public Sector Partners approved the text of the law 173 (Anti-Dummy Corporation Act) from the Ministry of Justice seeks to add greater transparency to transactions between the state and private sector companies and was approved by the Slovak parliament on 25 October 2016. The new Act on the…
The Slovak parliament approved an amendment to Act No. 461/2003 Coll. on Social Insurance as amended (“Social Insurance Act”) on 11 October 2016, which introduces several important changes. The primary change effective 1 January 2017 is an increase in the amount of the assessment base from 5-times to 7-times the average monthly wages, from 4,290…
Starting on 1 August 2016, Act 305/2013 Coll. on e-government requires all legal entities to have electronic mailboxes created on www.slovensko.sk automatically activated for delivery. Activating an electronic mailbox enables public authorities to use it for electronic transmission. The entire process for a legal entity to activate an electronic mailbox has been gradual and there…
On 1 January 2017, Council Implementing Regulation No 1042/2013 VAT to be charged for property-related services enters into effect regarding the chargeability of VAT for property-related services. The Implementing Regulation was approved in 2013, but only comes into force on 1 January 2017 because of the need for sufficient time to harmonise approaches among the…
The essence of transfer pricing is the pricing of goods, services, capital and so on in related party transactions within multinational enterprises to meet the conditions for an independent business relationship or to comply with the so-called “arm’s length principle”. Anyone engaged in financial or business transactions with entities personally, economically or otherwise connected to…
In October 2015, the OECD released the final draft text of all points in the Action Plan on Base Erosion and Profit Shifting (BEPS). Following a series of discussions, the OECD approved Actions 8, 9 and 10 and several amendments to Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, which come into force when…
Mentálne postihnuté deti a pacienti, ktoré nemajú možnosť počas roka sa zúčastniť hudobných koncertov a podujatí, Bol preto priamo pre nich usporiadaný benefičný koncert, na ktorom aj deti samé aktívne vystúpili so svojím programom. Tešíme sa, že sme mohli aspoň trochu prispieť k výbornej nálade a pocitom, ktoré si tieto deti z tejto akcie odniesli. V budúcnosti určite takýto projekt…
In terms of commercial law, “crisis” constitutes a new concept introduced in an amendment to the Commercial Code on 1 January 2016. A company is said to be “in crisis” when it is insolvent or threatened with insolvency. A company is deemed to be threatened with insolvency if its equity to debt ratio is less…