Wizard for calculating capital gains: new feature on EDS (1/9/20) (0)

28.02.2020

Practice

The State Revenue Service (SRS) has recently launched a wizard for calculating capital gains on the Electronic Declaration System (EDS). This article explores cases in which the wizard can be used and the advantages of using it. Read more..

Proposal to abolish property tax on primary residence (2/9/20) (0)

28.02.2020

Draft

On 17 February a meeting of the Parliamentary Subcommittee on Tax Policy debated changes to the procedure for calculating real estate tax (RET). The Ministry of Justice has submitted proposals for abolishing RET on a person’s primary residence worth up to EUR 100,000 and for substantially reducing the level of RET on homes with a cadastral value (CV) higher than that. There are plans to introduce a special value which, once a new CV base is adopted, would provide a mechanism for reasonable RET charges and strengthen everyone’s right to a privately owned home. Read more..

Future of digital tax: OECD Pillar Two (3/9/20) (0)

28.02.2020

Practice

Wrapping up our previous article “Unified approach to addressing tax challenges in digital economy,” this article explores the OECD’s proposals for international taxation rules within Pillar Two. Read more..

Amendments to Corporate Income Tax Act effective from 12 February (1/8/20) (0)

21.02.2020

Passed

We have published a number of articles since last summer about proposals for amending the CIT Act. This article summarises amendments that were adopted by Parliament in their third reading on 30 January and came into force on 12 February 2020 to update the existing rules and introduce some new ones. Read more..

Future of digital tax: OECD’s Pillar One (2/8/20) (0)

21.02.2020

Practice

Picking up where we left off in last week’s article “Unified approach to addressing tax challenges in digital economy,” this article explores recent proposals for international taxation rules within Pillar One of the OECD’s Work Programme. Read more..