In the current issue of Tax & Legal News we would like to draw your attention to the following highlights:
The most important changes brought by the new judicial map
On 1 June 2023, the so-called reform of the "judicial map" will come into force, the primary objective of which, according to its authors, is to achieve faster and better-quality decision-making. The reform will lead to the abolition of several existing courts, the creation of new courts with case specific competences and, among other things, the transfer of competences between courts.
Agreement on DAC8 compromise text
New reporting framework on the crypto-asset sector will help tax authorities to track the trade of crypto-assets and exchange of information about proceeds gained.
Carbon Border Adjustment Mechanism („CBAM“) brings new obligations to importers of defined goods
On 17 May 2023, Regulation (EU) 2023/956 of the European Parliament and of the Council of 10 May 2023 establishing a carbon border adjustment mechanism („CBAM“) entered into force. The CBAM (also referred to as „carbon duty“) will enter into application in its transitional phase on 1 October 2023. Regulation must be applied in its entirety across the EU.
One sentence summary
- The Financial Administration has published the list of taxpayers with tax reliability index on its website. An overview of the taxpayer assessment is publicly available in the information lists.
- The European Central Bank increased the key interest rates on the main refinancing operations to 3.75% with effect from 10 May 2023.
- New rates of the meal allowances for business trips will come into force on 1 June 2023. Find the full list of changes on the link here below.