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tax law news

Get an overview of our tax law news.

Read through our tax law team's articles, publications and news:

publication

Sanierungsinstrumente für Gesellschaften in der „Krise“ (Teil 2)

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newsletter

14 January 2021

romania

T.Artenie

Romanian tax legislation has been substantially amended in recent days

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newsletter

10 January 2021

romania

T.Artenie

Numeroase modificări aduse recent legislației fiscale din România

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media coverage

30 December 2020

romania

T.Artenie

Analiza Schoenherr: Trei sferturi din vânzările externe realizate de România, afectate de neclarități fiscale de la 1 ianuarie 2020

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publication

Zweifelsfragen beim Debt-Mezzanine-Swap

Gewährt ein Gesellschafter oder eine unternehmensfremde Person einer Kapitalgesellschaft ein Darlehen, kann es insb in der Krise der Kapitalgesellschaft attraktiv sein, die Darlehensforderung in Eigenkapital zu wandeln (Debt-Mezzanine-Swap).

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newsletter

11 November 2020

romania

T.Artenie

Simplified instalment scheme for certain tax liabilities and other measures

Several fiscal measures were recently introduced by Emergency Ordinance No. 181/2020 on certain economic and fiscal budgetary measures ("GEO 181/2020").

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newsletter

10 November 2020

romania

T.Artenie M.Moga-Paler

Romania: Amendments to fiscal legislation impacting employment relations

A series of fiscal measures were introduced in the Fiscal Code by Law No. 239/2020, amending and supplementing Law No. 227/2015 on the Fiscal Code.

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newsletter

15 September 2020

romania

T.Artenie

Romania: Fiscal measures to stimulate the maintenance/ increase of equity levels

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newsletter

04 September 2020

romania

T.Artenie

Măsuri fiscale pentru stimularea menținerii/ creșterii capitalurilor proprii

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publication

10 August 2020

austria

M.Thorbauer T.Hayden

Umsatzsteuerliche Auswirkungen des Brexits

Nach zähen Verhandlungen und einigen Verlängerungen hat Großbritannien (GB) mit 31.1.2020 die EU verlassen.

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newsletter

30 July 2020

austria

P.Feyl C.Grassinger

An apple a day keeps taxation away?

The General Court (GC) of the European Union ruled in favour of Apple in the state aid case regarding Apple's Irish tax structure, annulling the 2016 decision of the European Commission (EC).

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publication

Die Unterbeteiligung an Kapitalanteilen im Gesellschafts- und Steuerrecht

Im österr Recht besteht eine Vielzahl von Beteiligungsmöglichkeiten, die unterschiedlichst ausgestaltet werden können und die verschiedenste gesellschafts- und steuerrechtliche Folgen haben.

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publication

Sanierungsinstrumente für Gesellschaften in der "Krise"

Im österreichischen Gesellschaftsrecht einschließlich Bilanzrecht (UGB), Ertragsteuer-, Unternehmensreorganisations-, Insolvenz- und Eigenkapitalersatzgesetz finden sich unterschiedliche Anknüpfungen an die "Krise" eines Unternehmens.

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newsletter

02 June 2020

romania

T.Artenie

New tax measures, including tax amnesty, adopted in Romania in response to COVID-19

New legislation, including amendments to the tax legislation and tax measures to support taxpayers during the COVID-19 pandemic, have been recently introduced in Romania.

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newsletter

Sanierungsinstrumente in der Krise

Gerade in aktuellen Krisenzeiten stellt sich für viele Unternehmer die Frage, wie sie ihr Unternehmen bestmöglich sanieren können, um so das Fortbestehen des Unternehmens zu sichern.

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publication

Wer kann bei Bilanzfälschung durch Vorstandsmitglieder zur Verantwortung gezogen werden?

Einmal mehr steht die Bilanzfälschung bei AGs medial im Fokus.

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newsletter

23 April 2020

romania

M.Roibu T.Artenie

Romania: Are Romanian companies ready for post-pandemic tax audits?

As part of the preventive measures taken to mitigate the impact of the COVID-19 pandemic, the Romanian tax authorities have limited the number of tax audits at taxpayers' premises for the duration of the state of emergency.

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newsletter

01 April 2020

romania

T.Artenie

Romania: Tax consequences of the COVID-19 pandemic on companies in Romania

Despite the measures adopted for managing the effects of the COVID-19 pandemic with a view to helping or even saving Romanian businesses, it goes without saying that many companies will soon face difficult times, for which they need to be prepared.

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newsletter

COVID-19 Update – Croatia – Tax / Banking & Finance

On 19 March 2020 the Croatian Parliament adopted a series of laws aiming to reduce the adverse effects of the coronavirus on the Croatian economy.

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publication

18 March 2020

austria

T.Hayden M.Thorbauer

Einschränkungen der Hebung stiller Lasten in Rückstellungen (Teil 2)

Anders als der deutsche Gesetzgeber dürfte der österreichische Gesetzgeber die Möglichkeit der Hebung stiller Lasten in Rückstellungen vorausgesehen haben, weil sich für Sozialrückstellungen in § 14 EStG bereits spezifische Beschränkungen hierfür finden.

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newsletter

25 February 2020

romania

T.Artenie

Amendments to the tax restructuring scheme | Romania

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publication

21 February 2020

austria

M.Thorbauer T.Hayden

Die Hebung stiller Lasten in Rückstellungen (Teil 1)

Stille Lasten in Rückstellungen entstehen durch spezifische Ansatzverbote, Ansatzbeschränkungen oder Bewertungsvorbehalte im Bilanz- und Steuerrecht, die - entgegen dem Imparitätsprinzip - zu einer eingeschränkten Aufwandsdarstellung in der abgelaufenen Wirtschaftsperiode führen.

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newsletter

10 February 2020

romania

T.Artenie

What can companies expect in the new fiscal year in Romania? | Romania

A new year has begun, and the build-up of tax responsibilities and pressure has peaked and is now close to the point of reset and restart. But what does 2020 hold in store for companies active in Romania in terms of anticipated tax changes? And how can they get ready for and adapt to such amendments?

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newsletter

31 January 2020

austria

T.Hayden

The consequences of Brexit for Austrian VAT

After several extensions and long negotiations, the United Kingdom is now set to leave the European Union on 31 January 2020, after which a transitional period will commence until 31 December 2020.

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newsletter

13 January 2020

croatia

A.Rupčić* O.Kobsa*

Fourth round of Croatian tax reforms takes effect l Croatia

In late November 2019 the Croatian Parliament passed a series of laws amending Croatian tax legislation. The new laws, in the most part, came into effect on 1 January 2020.

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roadmap

cee overview - tax

An overview of tax innovations for Austria, Romania and neighbouring countries

Significant tax innovations came into force in 2019 in the Austrian legal market.

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roadmap

Austria: New Digital Services Tax

In September 2019, the Austrian parliament passed the new Digital Services Tax Act, which will enter into force on 1 January 2020. The main goal is to achieve "fair taxation" by taxing online advertising services provided in Austria. But in fact it is aimed at multinational tech companies.

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roadmap

Austria's implementation of the DAC 6-directive: The EU Reporting Act

Following the approval on 25 May 2018 of the European DAC 6-directive, which obligates taxpayers and tax intermediaries to report certain aggressive cross-border arrangements to the tax authorities, the Austrian parliament approved the EU Reporting Act (EU-Meldepflichtgesetz) on 20 September 2019, which implements the aforementioned directive into Austrian domestic law. This publication will highlight the most important takeaways and developments of this new act in comparison to the directive, which was already discussed in Roadmap 2018.

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roadmap

Throwback: Implementation of CFC rules in Austria

One of the Anti-Tax Avoidance Directive (ATAD) measures involves the reallocation of income of Controlled Foreign Companies (CFC) in low-tax jurisdictions to the parent company. The new Austrian CFC rules came into force on 1 January 2019. On 25 January 2019, the Austrian government published a Regulation on the application of these CFC rules. This article provides a practical overview of the Austrian CFC rules.

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newsletter

08 January 2020

romania

T.Artenie

Amendments to tax law as of 1 January 2020 | Romania

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newsletter

03 January 2020

romania

T.Artenie

2020 VAT law changes l Romania

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media coverage

30 December 2019

romania

T.Artenie

Modificari importante în materie de fiscalitate, la orizont | Theodor Artenie, Tax Director - Schoenherr Tax Bucharest: Așteptam forma finala în care vor fi adoptate proiectele de modificare a Codurilor Fiscal și de procedura fiscala. Cele doua Direct

Find the original article here

Anul 2020 bate la ușa, iar companiile își fac deja planurile de dezvoltare. În acest context, reglementarile fiscale reprezinta una dintre cele mai fierbinți probleme la care mediul de afaceri trebuie sa fie foarte atent.

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newsletter

28 November 2019

austria

M.Nutz

Esports: legal challenges and taxation in Austria

Electronic sports (esports) are booming, despite the fact that videogames have existed now for more than 30 years.

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publication

to the point: Tax News Österreich | Q3 2019

In unserem "to the point: Tax News Österreich" beleuchten unsere Tax-Experten für Sie jedes Quartal die aktuellen Änderungen im Steuerrecht, die aktuelle steuerrechtliche Judikatur sowie Auffassungen der Finanzverwaltung / des Schrifttums.

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publication

16 October 2019

austria

C.Grassinger

Gebührenpflicht durch Kettenverweis

Der vollständige Artikel ist hier zu finden.

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publication

to the point: Tax News Österreich | Q2 2019

In unserem "to the point: Tax News Österreich" beleuchten unsere Tax-Experten für Sie jedes Quartal die aktuellen Änderungen im Steuerrecht, die aktuelle steuerrechtliche Judikatur sowie Auffassungen der Finanzverwaltung / des Schrifttums.

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newsletter

05 August 2019

romania

T.Artenie M.Moga-Paler

Are you ready for the tax and employment authorities' dawn raids? - Romania

A wave of dawn raids from mixed teams of the Romanian tax and employment authorities (ANAF and ITM) is expected this August. As per public declarations, these measures target tax evasion and "black market" labour.

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newsletter

29 July 2019

romania

T.Artenie

Increased turnover limit for tax credit on sponsorships – Romania

The turnover limit for the calculation of the tax credit for sponsorships, patronage, and private scholarships has increased from 0.5 % to 0.75 %. The amendment, which entered into force on 29 July 2019, is set forth by Law 156/2019 for amending art. 25 par. (4) lit. i) of Law no. 227/2015 on the Romanian Fiscal Code.

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media coverage

26 July 2019

romania

M.Moga-Paler

Salarii mai mari si taxe mai mici din 21 iulie 2019. Ce trebuie sa stii daca activezi in domeniul construcțiilor

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newsletter

15 July 2019

austria

C.Grassinger

Digital Services Tax proposed

In early April 2019, the Austrian Federal Government published a draft of the Digital Tax Act 2020 which is currently under review.

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publication

02 July 2019

romania

T.Artenie

Taxation

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newsletter

31 May 2019

romania

T.Artenie

Tax amendments: changes to the payment of health insurance contributions and reduced VAT rate for high-quality food products

Government Emergency Ordinance No. 31/2019 (GEO 31/2019) was published on 23 May 2019. The main changes introduced by this piece of legislation are presented below.

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publication

29 May 2019

austria

M.Thorbauer

Wo liegt der Ort der Verwertung von Patentrechten?

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newsletter

02 May 2019

romania

T.Artenie

New rules regarding the VAT treatment applicable to vouchers and to e-services supplied to non-taxable persons

On 20 April 2019 Law 60/2019 amending the VAT treatment applicable to vouchers and electronically supplied services to non-taxable persons, entered into force.

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newsletter

14 February 2019

romania

T.Artenie

Romania: Tax authorities' Iceberg aims to sink multinationals' Titanic

Project Iceberg, launched at the beginning of this year by the Romanian tax authorities, is a giant nationwide operation to be implemented throughout 2019. It consists of a wave of tax audits on major multinational companies active in all sectors, with the aim to fight profit shifting.

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newsletter

18 January 2019

romania

T.Artenie

Romania: Tax provisions in force since March 2018, significantly amended and supplemented

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roadmap

Implementation of the EU Anti-Tax Avoidance Directive (ATAD; EU 2016/1164) into Austrian and Romanian Law

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roadmap

Single EU VAT area. Are you ready?

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roadmap

The Interest Limitation Rule under the Anti-Tax Avoidance Directive

ATAD and BEPS:
In 2016, the European Union adopted the Anti-Tax Avoidance Directive ("ATAD") to combat "aggressive tax planning" as part of the Anti-Tax Avoidance Package. Article 4 of the ATAD includes an Interest Limitation Rule ("ILR") based on the recommendations set forth in Action 4 of the OECD's Base Erosion and Profit Shifting ("BEPS") project.

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roadmap

Cryptocurrency in Romania. A go or a no-go?

In Romania, authorities are yet to create the legal framework that would regulate the taxation of activities related to cryptocurrency. This legislative gap leaves plenty of room for tax avoidance, as even the most well-intentioned taxpayers lack the tools to understand what taxes they need to pay in relation to their cryptocurrency trading.

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roadmap

Tax intermediaries to disclose potentially aggressive tax arrangements to tax authorities

On 25 May 2018, the Council adopted a directive forcing tax intermediaries or taxpayers to report aggressive cross-border tax planning schemes to the tax authorities, which may exchange such information with other tax authorities within the EU. The Directive is to be implemented by 31 December 2019 and is applicable from 1 January 2020.

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newsletter

07 January 2019

romania

T.Artenie

Romania: Amendments to the tax law as of 1 January 2019

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newsletter

14 December 2018

romania

T.Artenie

Romania's minimum wage hike will impact non-salary income

On 1 January 2019, the Romanian monthly minimum gross wage will increase from RON 1,900 to RON 2,080, and to RON 2,350 for employees with higher education and at least one year of work experience in such a position.

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media coverage

06 December 2018

austria

C.Benes M.Thorbauer

Steuern sparen mit Ackerland und Wald

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newsletter

20 November 2018

romania

T.Artenie

EU: Reduced VAT rates for e-publications now possible

According to a recent EU legislative change, Member States are now allowed to apply reduced VAT rates to electronic publications, in addition to physical ones. As e-newspapers and e-books were previously subject to different VAT treatment than their printed equivalents, Europe's leading publishers have welcomed this amendment.

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newsletter

16 October 2018

romania

T.Artenie

Romania: Amendments to fiscal legislation

Below is a list of the main amendments included in the Emergency Government Ordinance no. 89/2018 regarding several budgetary-fiscal measures, and amendments for the modification and completion of some normative acts.

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newsletter

20 August 2018

romania

T.Artenie

Romania: Tax authorities focus on transfer pricing adjustments

According to the latest statistics, Romanian tax authorities rank transfer pricing ("TP") high on their agenda. Companies are increasingly aware of the risks they face unless they have the TP documentation ready when asked by the tax inspectors, yet many fail to take action in due time.

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newsletter

26 July 2018

hungary

G.Szalóki

Hungary reconsiders the banking transaction tax to promote electronic payments

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newsletter

30 May 2018

romania

T.Artenie

Romania: Amendments to the Implementing Instructions for applying the Fiscal Code

We list below the main amendments included in the Government Decision no. 354/2018 amending and supplementing the Implementing Instructions for applying Law 227/2015 regarding the Fiscal Code.

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newsletter

European Union: VAT Regime 2.0 - Will the Empire Strike Back?

The European Commission proposed fundamental changes to the current Value Added Tax (VAT) regime, aimed at delivering a definite pan-European VAT system in order to tackle tax fraud as well as to unify and simplify VAT requirements for companies while lessening red tape.

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newsletter

04 April 2018

romania

T.Artenie

Romania: The latest amendments to the tax legislation

Recently, several amendments to the existing tax legislation have been published, as follows:

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newsletter

07 February 2018

romania

T.Artenie

Romania: the Government adopts a solution to maintain net wages for certain categories of tax exempt employees

In the Official Gazette of Romania no. 125/08.02.2017, the Emergency Ordinance no. 3/2018 on certain fiscal budgetary measures was published.

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roadmap

Transfer pricing in Romania

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roadmap

Disclosure of financial information of multinationals based on EU Country-by-Country Reporting implemented in Romanian law

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roadmap

Disclosure of tax planning schemes by intermediaries (proposal for an EU-Directive) - Proposed date of application 1 January 2019

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roadmap

Comparison of tax secrecy in Austria and Romania

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roadmap

Tax Secrecy vs Exchange of Tax Information

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roadmap

Privacy in the international exchange of tax information

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newsletter

21 November 2017

romania

T.Artenie

Romania: Upcoming Country-by-Country notification and reporting obligations in Romania

Starting with 2017, Multinational Enterprise Groups (MNE) present in Romania face new compliance requirements (i.e. notification and/or reporting obligations) in the field of transfer pricing, subject to certain criteria. It is recommendable that during the upcoming period these companies take actual steps towards ensuring compliance with these obligations.

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newsletter

15 November 2017

romania

T.Artenie

Romania: The amendments to the Fiscal Code in force as of 1 January 2018

We list below the main amendments included in the Emergency Ordinance 79/2017 amending and supplementing Law 227/2015 on the Fiscal Code, to enter into force starting with January 2018.

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newsletter

31 October 2017

austria

C.Grassinger

Intercompany Transactions: How does BEPS Change Transfer Pricing?

The OECD's Anti Base Erosion and Profit Shifting Initiative (BEPS) significantly affects current transfer pricing regimes regarding intangibles, documentation and dispute resolution.

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newsletter

20 September 2017

romania

T.Artenie

Romania to introduce mandatory VAT split payment mechanism

By way of a recent measure that has resulted in numerous debates and raised significant criticism, the Romanian Government has decided to change the country's VAT payment system. The new VAT split payment mechanism's implementation is unique in the European Union, and affects all taxpayers registered for VAT purposes in Romania.

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newsletter

22 March 2017

moldova

V.Iurkovski

Individual Tax Rulings Now Possible in Moldova – And They're Binding!

What previously was impossible and not foreseen by local legislation is now possible. Starting 1 January 2017, the Tax Code of Moldova (the "Tax Code") was amended by Law 281/2016 to include a separate norm (Art. 136¹) on individual tax rulings ("ITR") for the benefit of entrepreneurs. Within the limits of its scope and in respect of a concrete beneficiary, an issued ITR is binding on the State Tax Service (the "STS"). The Government and the Ministry of Finance are expected to approve the secondary legislation to regulate the details of the procedure.

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newsletter

27 May 2002

romania

T.Artenie

Romania: Mysterious are the ways of VAT

You guessed right, this is not an article about COVID-19, but it is an article about VAT (not sure if this is actually a good thing).

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