Summary 205 posts
Levob case (Case C-41/04) Facts Levob Verzekeringen BV („Levob”),which is headquartered in the Netherlands, operates an insurance business.
Read moreCPP case (Case C-349/96) Facts Card Protection Plan Ltd. („CPP\"),which is headquartered in the United Kingdom, supplies a service covering the indemnification of cardholders against financial loss in the event of loss or theft of their bank cards and other damages arising on their travels (such as damages related to the finding of lost luggage) under a so-called “Card Protection Plan”.
Read moreSome businesses avoiding VAT registration are at risk of their goods being seized by the Hungarian Tax Authority. But what exactly has changed?
Read moreThis March, the OECD Global Forum on Transparency and Exchange of Information (hereinafter: Global Forum) approved the entry of Switzerland to phase 2 of the so-called “peer review” and concluded Hungary’s phase 2 review in which our country received the rating “largely compliant”.
Read moreCompanies may request preliminary rulings regarding the VAT liabilities relating to cross-border transactions from the tax authorities of the Member States participating in the CBR pilot project. Currently, rulings may be requested in 15 member states (Belgium, Cyprus, the United Kingdom, Estonia, Finland, France, the Netherlands, Latvia, Lithuania, Hungary, Malta, Portugal, Spain, Slovenia and Sweden).
Read moreTwo of the BEPS actions published so far (Actions 8 and 13) deal with transfer pricing. From these two, Action 13 specifically summarizes the BEPS guidance on transfer pricing documentation and country-by-country reporting.
Read moreAction 6 of the OECD BEPS Action Plans deals with the prevention of double tax treaty (hereinafter: treaty) abuse. OECD finds that one of the most pressing BEPS issues is treaty abuse and especially the so-called treaty shopping (which basically means the use of tax benefits deriving from residence related and other differences between treaties) and for this reason, a separate action plan was dedicated to this matter.
Read moreIn accordance with the regulation currently in force, it cannot be determined unambiguously regarding the fulfilment of the EKAER (Electronic Trade and Transport Control) reporting obligation whether any sanctions apply if an EKAER number is requested for a movement of goods involving public road transport, which would be exempted according to the regulation from the obligation of reporting in the EKAER system.
Read moreThe text of the amendment of Act XCII of 2003 on the Rules of Taxation in relation to the EKAER (Electronic Trade and Transport Control) system was published on the Parliament’s website this afternoon.
Read moreIn this post, I summarize Action 2 of the BEPS package published by OECD in September the aim of which is to neutralize the effects of so-called hybrid mismatch arrangements, referred to hereinafter as “hybrid arrangements”, “hybrid structures” or simply as “hybrids”.
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