News list
Ecovis Romania
In 2011 Austria has introduced a new system to obtain a binding ruling from the Austrian fiscal authorities.
Previously, rulings were granted on an informal basis; this provided protection on a "good...
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A program has been established to provide financial support for film production in the Czech Republic.
The Czech Republic is known as a film-friendly country....
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Seed capital and investor relief
Various forms of relief are available to help potential investors.
The Government informs us that the recovery will be driven by the private sector and that it w...
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Quicker start-ups in Poland
S24: A new Polish online system makes it possible to register a limited liability company in just 24 hours....
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ENVIRONMENT
We inform you about the publishing of the Law regarding the regimen of waste (no.211 / 15.11.2011 - published on November 29th 2011 in the Official Monitory no. 837).
An element of this ...
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The Romanian Cabinet approved at the end of the month of August two Ordnances which change and complete the Fiscal Code and the Fiscal Procedure Code. Also, some financial-fiscal measures were regulat...
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The Romanian Cabinet approved at the end of the month of August two Ordnances which change and complete the Fiscal Code and the Fiscal Procedure Code....
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Starting July 1st 2011 the tax payers will revert back to a distinct payment order for the salaries tax of the secondary office, drawn up using the fiscal code of the secondary office and transmitt...
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Esteemed Clients,
We present to you the latest changes of the current legislation regarding VAT.
The Official Monitory no. 381/31.05.2011 has published the Emergency Order of the Cabinet ...
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On 1 January 2010 new regulations have come into effect in Switzerland which aim to give natural persons and legal entities an incentive to voluntarily disclose previously un-declared income and...
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On July 1, 2010, a new Swiss Federal Product Safety Statute (in German: Produktesicher-heitsgesetz, PrSG; see Classified Compilation of Federal Legislation number SR 930.11) together with its Im...
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In order to reduce the tax burden the application range of the 10% favourable tax rate has been extended from HUF 50 million tax base to HUF 500 million, with the condition that its application ...
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The Act concerning the tax burdening the individual large value property objects has been annulled with the effect of July 1, 2010 in order to terminate the tax on watercrafts, aircrafts and on ...
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The law annuls with the effect of January 1, 2011 the rules of the Act on local taxes that concern the communal tax of the enterprises and the tourist tax due after resort buildings of private p...
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When converting revenues obtained in foreign currencies to HUF the payer that has to subtract tax advance money has to apply the official foreign exchange rate published by the National Bank of ...
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The law with the modification of the Act on solidarity tax and endowment for improving the balance of the state budget introduces the solidarity tax of financial organisations. Each financial or...
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The "direct relatives" of the testator / donor have been freed from the inheritance or donation levy (including here adoption based relative relationships as well). However the amount ...
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International expansion continues
Ecovis is continuing on its course of expansion, this time acquiring new partners in the USA with whom it has concluded a co-operation agreement. As a leading...
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ECOVIS Convents, Riga, placed a joint bid with its business partner, GLC Glücksburg Consulting AG, and have now been awarded a contract to provide financial advice in the field of the possible i...
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This is an addendum to our previous news in which we summed up the most important changes entered into force on January 1, 2010, and we would like to outline the followings:
In accordance with th...
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Pursuant to Act on the Business Companies contribution in kind may be any marketable thing of value or intellectual work, any intangible property, or any claim that is recognized by the debtor o...
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Starting with 1st of July new and detailed criteria regarding "dependent activities" entered into force:
"Any activity can be considered a dependent activity if it meets at leas...
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The Parliament of the Republic of Cyprus passed on 22.10.2009 legislative amendments to the above laws in an attempt to further improve the position of Cyprus as an attractive jurisdiction for the...
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The State Administration of Taxation (SAT) issued a tax circular on 23 September 2009 that clarifies the application of the royalties article under China's tax treaties (GuoShuiHan [2009] No. 507,...
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On January the 20th 2010 the Official Monitory has published the Decision of the Cabinet of Romania for the modification of the Cabinet Decision no.161/2006, r...
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Berlin, January, 14th 2010 - Ecovis continues its international expansion and is now represented in four further countries by five new partners. One of the leading consulting firms for SME now ...
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The Ministry of Finance ("MoF") issued a circular on 22 November 2009 that clarifies the management / measure of the staff welfare expenses (Ca...
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The State Administration of Taxation ("SAT") issued a circular on 23 September 2009 that clarifies the application of the royalties article in...
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On 2 December 2009, PRC State Council formally issued the long-awaited Administrative Measures for "Foreign Enterprises and Individuals to Establis...
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Profit tax
One of the new dispositions introduced by the Emergency Order no. 109/2009 refers to the uniformity of the deadlines of the fi...
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Starting with the fiscal year 2009, the annual Statements regarding the profit tax (code 101) of the legal persons tax-payers will ...
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Starting November 2009 "the acceptance of one or more persons for work purposes without the registering of an individual work contract is sanctioned with a penalty in amount between ...
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