Changes to Act on Social Contribution Tax concerning the tax allowance for labour market entrants
SME QUICK INFO Nr.Q2024-01 –The amendment Social Contribution Tax will affects the preconditions and the period of application of the social contribution tax allowance for employees who are considered to be entrants to the labour market.
Changes for employers in social insurance when employing Agreements to work
Registration is compulsory from 1 July 2024 for all employees with Agreement to work (ATW) as well as for all employers who have only employees with ATW.
Legislative changes affecting corporate taxes and VAT in Czechia in 2024
SME INFO CZ Nr.2024-1 – From January 2024, amendments to the VAT and Income Tax Acts will come into force. The changes are part of government’s consolidation package, and concern, in addition to tax rates, the tax deductibility of certain expenses.
Legislative changes impacting payroll in Czechia in 2024 - II
SME INFO CZ Nr.2023-04-2 – We supplement previously published information on legislative changes with impact on payroll from January 2024 especially in areas of minimum salary, social insurance and meal vouchers.
Act on the Global Minimum Tax
SME INFO Nr.2023-8 Hungary – With the announcement of the Global Minimum Tax Act on 30 November 2023, the EU GloBE Directive 2022/2523 has been introduced into the Hungarian law system, with an entry into force date of 31 December 2023. In this newsletter we provide a framework for the Hungarian legislation, highlight the most important deadlines, present the operating mechanism
Termination of convention for avoidance of double taxation between USA and Hungary
SME INFO Nr.2023-7 Hungary – In this newsletter we summarise the tax consequences of the termination of the Convention between the Government of Hungary and USA for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, and present the tax measures introduced by the Hungarian government.