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Greece VAT rate changes download

TMF Group experts in Athens have prepared a comprehensive summary of the new VAT rates for Greece which came into effect on 20 July 2015.

Technical update Jul 2015

Review your payroll: Costa Rica has raised the minimum wage

According to Executive Order 39055, the legal minimum wage applicable to all private sector companies from the second half of this this year will see an increase of 0.94%, based on the salary earned from January to June 2015. In regards to domestic services, wages have increased by 1.04%. These increases will take effect from July to December 2015.

Technical update Jul 2015

New VAT tax point rules approved by Belgium government

The VAT point rules that came into force in 2013 in Belgium were subject to many objections by businesses because of their complexity. With the simplification of the system the current change is the answer and the likely solution for many businesses that never effectively implemented the 2013 rules. TMF Group's VAT experts report.

Technical update Jul 2015

Input VAT deduction on automobile fuel purchases in Poland

Polish taxpayers are now able to deduct 50% of the input VAT paid on the fuels purchased for both business and private purposes in a welcome change in the legislation. Fuel represent a significant proportion of expenditure for many businesses and reclaiming VAT on car fuel is an ideal way to recover some of these costs. Read more from our VAT experts.

Technical update Jul 2015

Another FATCA reporting extension for Malta financial institutions

TMF Group advises that Malta Financial Institutions have received another FATCA reporting deadline extension, with the Maltese Commissioner for Revenue announcing the new date of 31 July 2015.

Technical update Jul 2015

Italian Labour Ministry: compulsory notice for settlement

TMF Group Italy's Sonia Piazzoni details a new form of rapid settlement that has been introduced into the legal system. The enactment of the Legislative Decree on Increased Protection Open-Ended Contracts has seen regulation on terminations partially revised.

Technical update Jul 2015

Balance of care, life and work requirements in Italy

TMF Group Italy expert Sonia Piazzoni details the Ministry of Labour's enactment of the decree on the balance of care, life and work requirements. The Ordinary Supplement no. 34 has been in effect from 25 June 2015.

Technical update Jul 2015

Tax increases come into effect in Greece

Greece’s three-year bailout from international creditors is secured with a raft of tax reforms that have been passed in parliament. TMF Group expert Patryk Karczewski outlines the most important changes under new Law 4334/16-07-2015 relating to VAT, IPT, Corporate Income Tax and Solidarity Tax.

Technical update Jul 2015

New regulations on labour contracts in Italy

TMF Group Italy expert Sonia Piazzoni summarises the new features of Ordinary Supplement no. 34 to Legislative Decree no. 81 on the organic regulation of labour contracts and the revision of the regulations on duties, enacted in implementation of the provisions of Delegate Law no. 183/14 (the so-called Jobs Act).

Technical update Jul 2015

INPS: tax relief for performance bonuses paid in 2014

The Italian Ministerial Decree of 8 April 2015 was published in the Official Gazette no. 123 of 29 May 2015, which began the process to obtain tax relief for performance bonuses as set forth in second-level agreements for 2014. TMF Group experts in Milan provide details.

Technical update Jul 2015

IFRS adoption in Hungary - requirements and consequences

The adoption of IFRS in Hungary will take place in several phases from 1 January 2016, as outlined by TMF Group's Accounting and Tax expert in Budapest, Agnes Bartha. The changes open the door to the application of IFRS instead of Hungarian GAAP for statutory reporting purposes.

Technical update Dec 2015

2016 tax changes in Austria

A key element to Austria’s tax law reform which comes into effect on 1 January 2016, is the change to progressive income tax, which is expected to lead to an estimated €5bn in overall tax relief. TMF Group Austria senior tax consultant Markus Zahlbruckner outlines the changes.

Technical update Dec 2015

2016 tax changes in Hungary

TMF Group expert Agnes Bartha outlines tax law changes that will take effect in Hungary from 1 January 2016, following the November passing of amendments by the country’s Parliament.

Technical update Dec 2015

Provisional Intrastat thresholds for 2016

Following the usual review by authorities of the European Union, the provisional Intrastat thresholds for the new year have been announced. TMF Group expert Jacek Szufan says changes in 2016 mainly affect Germany, Finland, Ireland, Latvia, Denmark, Croatia, Lithuania and the Netherlands.

Technical update Dec 2015

Labour law reform in France

French labour reform law “El Khomri” will gradually become enforceable over the next two years, writes TMF France Payroll Manager Alix Mugnier.

Technical update Oct 2016

Cash payment limit changes in Poland

The cash payment limit between entrepreneurs in Poland will change from 1 January 2017, write TMF Group experts.

Technical update Oct 2016

New Czech Act on electronic record-keeping of cash

The Czech Republic’s new Act on the electronic record-keeping of cash sales comes into effect on 1 December 2016. It applies to all corporate or personal income tax payers receiving payment for goods and services in specified forms.

Technical update Sep 2016

IFRS in Hungary

Hungarian entities now have more time to prepare for the full implementation of International Financial Reporting Standards regulation, writes TMF Group’s Andrea Farkas.

Technical update Sep 2016

IPT Round-up: January – July 2016

To date, 2016 has brought many changes to taxes on insurance premiums around the world, especially in the Asia Pacific region and some EU member states. All of these changes have been reflected within our global insurance tax calculator, IPT Quote, writes TMF VAT and IPT experts.

Technical update Aug 2016

2016 Labour Code changes in Kazakhstan

Amendments to the Labour Code of Kazakhstan which came into effect on 1 January 2016 clearly favour employers, writes TMF Group expert Madi Mashakov.

Technical update Jan 2016