Commencing from October 1, 2024, tax benefits for taxpayers with a high level of voluntary tax compliance or members of the announced “White Business Club” will come into full force and effect.

Effective from 1 January 2025, Croatia will introduce a new property tax law. This new law will replace the current vacation home tax and apply to all residential properties, with certain exemptions. Local governments will institute the new law and set tax rates within a specified range by taking into account property characteristics and other factors.

There’s a new windfall value-added tax (“VAT”) reclaim opportunity in Hungary based on a recent judgment of the Court of Justice of the European Union (“CJEU”).

In the Official Gazette of the Republic of Serbia no. 71, dated August 16, 2024, a new Rulebook on Tax Exemption on Capital Gains Realized from the Transfer of Copyright, Related Rights, and Industrial Property Rights (“Rulebook“) was published.

In Estonia, the push toward renewable energy, particularly offshore projects, is gaining momentum, with recent developments in grid connections and government support schemes, according to Njord Partner Triinu Hiob who also reports on tax changes and judicial reforms on the horizon.

We have begun our analysis of how to calculate the five-calendar day period specified in Art. 10 para. (7) of the Emergency Ordinance 120/2021 on the management, operation and implementation of the national e-invoicing system RO e-Factura[1] (“GEO 120/2021”) in the context of the Ministry of Finance’s LinkedIn post of August 2024, namely: