Legal news

Czech Republic: How to properly reduce one's tax base using loan interest Tax payers who make use of a loan under a contract with a building loan society or a mortgage-backed bank loan to finance their personal housing needs are entitled, under the Czech Income Tax

Lithuania: Tax authority issued guidelines on the reliability of new business partners due to VAT violations. On 25 February 2014, the State Tax Inspectorate under the Lithuanian Ministry of Finance (STI) issued guidelines on the reliability of new business partners. The STI listed criteria to be taken into account when

Lithuania: Even though a new EU funding period began, some undisclosed tax-related problems still remain, e. g. deduction of input VAT. Even though a new European Union (EU) funding period began in 2014 (one of its priority areas is business support), some undisclosed tax-related problems still remain. One of these

Czech Republic: As of 1 January 2014, limited liability companies and joint-stock companies are no longer obliged to create a statutory reserve. As of 1 January 2014, matters of corporate governance are addressed by the Corporations Act, which (save for a few special cases) does not require limited liability companies or joint-stock companies to

Czech Republic: As of 1 January 2014, joint-stock companies may elect to use the one-tier governance model The new private law has arrived, and with it a new option for joint-stock companies to opt for the one-tier system of corporate governance under which a corporate executive officer and an