OUR TAX BLOG
No deemed income for the insureds where overdue social insurance contributions are paid by remitting agents
The Minister of Finance issued public tax ruling no. DD3.8203.1.2023 on 30 March 2023 regarding the tax consequences of the payment by remitting agents of overdue social insurance or health insurance contributions. The ruling confirms
VAT in the Digital Age – digital VAT at national level and above
Businesses are currently facing sweeping changes in the VAT framework, largely involving enhanced VAT digitalisation. This new dimension of EU VAT was proposed by the European Commission on 8 December 2022 as a series of
Reverse charge in VAT on supplies of gas, electricity and emission allowances
Reverse charge in VAT will apply from 1 April 2023 to 28 February 2025 in the case of: supplies of gas in the gas system, supplies of electricity in the power system, and supplies of
Commencement of regulation to extend annual CIT filing deadline
The Finance Minister regulation of 16 March 2023 on the extension of certain corporate income tax compliance deadlines ("Regulation") was published on 21 March 2023 to enter into force on 22 March 2023. The Regulation
E-invoicing – a re-visit
The Government Legislation Centre published a new draft of the bill dated 22 February 2023 to amend the Goods and Services Tax Act and certain other acts ("Proposed Law"). The Proposed Law, a product of
Extended time to file form ORD-U
In accordance with the Finance Minister Regulation of 16 February 2023 to amend the Tax Information Regulation, the time to file form ORD-U for tax years commencing after 31 December 2021 (i.e. tax year 2022
