Most recent news from the Central European region
Hungary - Changes to Transfer Tax Regime for 2010 [29 May 2009]
Effective 2010 the stamp duty on the transfer of commercial real estate will be changed. The current 10% rate will be reduced to 4% for real estate valued at HUF 1 billion or less; for values in [more...]
Romania - FOREX Interest Deduction Cap Increased [27 May 2009]
The deductibility cap on foreign exchange loans has been increased from 7% to 8%. The increased percentage is effective retroactively to 1 January 2009.
Slovakia - Introduction of VAT Grouping [19 April 2009]
From 1 April 2009, VAT grouping is possible. Related entities with their seat or with an establishment in Slovakia may register for Slovak VAT as a single taxable entity if certain conditions are met.
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Romania - Changes to Corporate Tax Legislation [16 April 2009]
On April 14 changes to the corporate tax act were published within the frame of a government emergency ordinance. The most important changes are listed below. [more...]
Romania - Changes to VAT Legislation [16 April 2009]
Effectively 1 May 2009 VAT incurred on fuel expenses for passenger cars and on the purchase of passenger cars will no longer be deductible for VAT purposes. [more...]