Dear readers, We want to inform you about a judgment of the Supreme Administrative Court (10 Afs 113/2021 - 50; the “SAC”) that was recently deciding about distinguishing promotion costs (tax deductible expenses) from entertainment costs (tax non-deductible expenses).
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30. 08. 2023
Information of the General Financial Directorate (the “GFD”) on determining the level of tax deductible costs in selling a new piece of construction work carried as inventory where the net book value of a liquidated structure is included in the piece’s value, was published on the Financial Administration’s website.
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01. 08. 2023
In the first half of this year, the Court of Justice of the European Union (the “CJEU”) decided on a duty to correct an originally implemented VAT deduction in relation to goods that were sold as waste with a loss or voluntarily destructed (C–127/22).
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28. 07. 2023
Dear readers, We want to inform you about a judgment of the Supreme Administrative Court (the “SAC”; 5 Afs 335/2021) that dealt with the possibility to exclude the sale of land in calculating the decreasing coefficient pursuant to Section 76 (4) (a) of the VAT Act.
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27. 07. 2023
Regulation No. 191/2023 Coll., amending Regulation No. 467/2022 Coll., on a Change in the Rate of Basic Compensation for Using Road Motor Vehicles and Meal Allowances and on Determining the Average Price of Fuel for the Purpose of Providing Travel Allowances for 2023, as amended by Regulation No. 85/2023 Coll., came into force on 1 July 2023.
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