Tag: New legislation

Hungary – changes in 2017

Michaela Merz1 Comment

427619_web_r_k_b_by_lars-paege_pixelio-deThere is number of changes which you need to know in case you are registered for VAT purposes in Hungary.

I.) VAT ID of the customer on the invoice

The new regulation of the Hungarian VAT Act, effective from 1 January 2017, obliges taxpayers to indicate the first 8 digits of HU VAT ID of the customer on their domestic sales invoices as well, if the VAT of the invoice reaches or exceeds HUF 100,000 (approx. EUR 320), and if the taxpayer providing the services/selling the goods is established in Hungary. Read More »

Czech Republic – Electronic evidence of sales as from 1 of December 2016

Michaela Merz2 Comments

PwC_fl_30mmh_cThe President of the Czech Republic signed a new fiscal law “Act No. 112/2016, the Electronic evidence of sales Act”, in March 2016. New legislation will concern those who are taxpayers of a personal or corporate income tax and the payment meets the formal requirements for a registered sale, e.g. it is made in cash, by credit card, cheque, voucher or in any similar way. However, defined payments are not subject to the electronic evidence of sales like payments done via a bank transfer, income which is not subject to income tax, etc.Read More »