CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
According to the opinion released yesterday by the advocate general of the European Court of Justice, the Hungarian regulation that prohibits foreign taxpayers from submitting their documents in the second instance (appeal) procedures in VAT refund cases violates European law. If the final judgment will align with this opinion, it would not only simplify the process for foreign businesses to claim VAT refunds in Hungary but would also open the possibility to reclaim previous VAT payments.
In the summer 2022, the United States unilaterally terminated the US-Hungary double tax treaty with Hungary.
Vasil Kisil & Partners has successfully represented the interests of Kischenzi in a tax dispute.
Law no. 77/2016 on information technology parks will be amended. A project in this regard is currently undergoing repeated public consultations ("Project"). The main amendments included in the Project are as follows:
n November 2023 the Government of Montenegro proposed amendments to the CIT Law (Proposal).
The Hungarian Ministry of Finance published its draft legislation for the implementation of the global minimum tax rules in Hungary for public consultation in October 2023. The package also contained some limited reasoning and impact assessment and stakeholders had one week to comment on the proposal.
Deloitte Legal Romanian affiliate Reff & Associates has advised Romania's National Agency for Fiscal Administration on implementing an EU-funded project to modernize tax controls, including amending the relevant legislation to provide the framework for intensifying desk audits and targeted checks.
