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In the current issue of Tax & Legal news we would like to draw your attention to the following highlights:
Parliament approved consolidation package
National Council approved amendments to legislation only 16 days of presentation of a plan for the consolidation of public finances by the representatives of Government of the Slovak Republic. Compared to the original proposal, there were several changes adopted.
Parliament approved the implementation of a new tax: Sweetened non-alcoholic beverages will be more expensive
The President signed Act on sweetened non-alcoholic beverages to which non-alcoholic beverages sweetened with sugar or any other sweeteners will be subject. Depending on the type of sweetened non-alcoholic beverage, the tax rates are determined in the range from EUR 0.15/liter to EUR 8.60/kilogram.
Dispute over new rules on price cut disclosures reaches the Court of Justice of the European Union
EU Directive has introduced new rules regarding the display of discounts on goods, aimed at protecting consumers from price manipulation. EU Court of Justice released a decision dealing with a supermarket chain, that inflated the prices of grocery items before offering price reductions and displayed fake discounts.
Germany proposes changes in administrative principles on transfer pricing for intra – group financing
The German Ministry of Finance has published a draft of revised administrative transfer pricing principles on intra-group financing. It clarifies for taxpayers the fundamental changes in the legislation and modifies certain provisions to partially align them with the OECD methodology.
DID YOU KNOW?
Did you know which fuel costs are tax deductible for plug-in hybrids?
Fuel rules for the use of plug-in hybrid vehicles have been specific problems for a long time. Taxpayers are interested in which fuel costs are tax deductible when consuming two different types of fuel.
