Changes in the liability rules concerning the posting of workers in the framework of the provision of services in Hungary
Effective as of 18 June 2016 the regulations of the Hungarian Labour Code governing the liability and administration rules on the posting of foreign workers in Hungary were modified with a view to harmonisation with EU legislation.
On changes of taxation in Hungary
As in the previous year, the Parliament has passed the changes to next year’s tax regulations surprisingly early. In our current newsletter we are going to review the more important amendments adopted on 7 June 2016.
Increase of child tax credit in Czech Republic
Highly expected tax amendment was implemented on 1 May 2016. Tax credit for second, third and any following child increases.
Flat-rate collection cost - 2016
The institution of flat rate collection cost was removed from the Civil Code as of 24 March 2016 in Hungary and has been re-regulated in the Act IX of 2016 with retroactive applicability.
Electronic registration of sales approved in Czechia
Lower chamber of Czech Parliament approved law on the electronic registration of sales on 10. 02. 2015. It approved reduction of VAT rate in the catering services with the exception of alcoholic beverages.
Termination of II. pillar pension system
Taxpayer action required. Pension savings – II. pillar is terminated as of 1.1.2016, by Act 376/2015 Coll.