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2015.03.17BEPS OECD Tax

OECD BEPS Action 6 – Preventing the Granting of Treaty Benefits in Inappropriate Circumstances

Action 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.

Dániel Sztankó

2015.02.23Tax

EKAER number without reporting obligation – one uncertainty less!

In 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.

Dániel Sztankó

2015.02.18Tax

BREAKING NEWS!!! EKAER law amendment proposal: one thing is for certain, collateral will have to be provided from 11 March

The 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.

Gábor Fajcsák

2015.02.06BEPS Tax

Less abuse – the approved Parent-Subsidiary Directive amended once again

On 27 January 2015, the Council of the European Union accepted Council Directive 2015/121 amending the Parent-Subsidiary Directive No. 2011/96/EU (hereinafter: the Directive) to combat abuse.

RSM Global

2015.02.05Professional

Diversifying wealth and opportunity – the rise of China’s inland cities

This connectivity by air is set to continue as China’s inland cities are undergoing a process that McKinsey & Company calls ‘city transformation’.

RSM Global

2015.01.27Professional

Talking Points - World Economic Outlook 2015

Economic Growth Trends Growth forecasts for the new year indicate major variations within these economic groups:

Gábor Fajcsák

2015.01.16BEPS OECD Tax

OECD BEPS – Action 2: Neutralising the Effects of Hybrid Mismatch Arrangements

In 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”.

Dániel Sztankó

2014.12.18Tax

Who and when should apply for an EKAER (Electronic Road Transportation Control System) number?

The EKAER system to be introduced from 1 January 2015 causes a lot of headaches for warehouse, logistics and purchasing staff. The stakes are high! The default fine may be as high as 40 percent.

Dániel Sztankó

2014.12.17Tax

EKAER (Road Trade Control System) in Hungary from 1 January 2015

News hot of the press – the Hungarian government plans to introduce threshold of 2 M HUF or 2500 kgs to be reportable into the EKAER (Road Trade Control System) from 1 January 2015.

RSM Global

2014.12.12OECD Tax

UK Tax Alert - Warning shot fired at multinationals

The UK Government has released details of proposed rules on diversion of profits from the UK, thus firing a warning shot at large multinational businesses that they consider are not paying their fair share of UK corporate taxes.

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