Aktualności prawne

Estonia: The European Commission concludes that State aid by Estonia to Estonian Air breaches EU state aid rules. On 7 November 2015 Estonian Air announced that it is filing for bankruptcy because it does not have the necessary funds to repay funding from the Estonian government. The European Commission started investigating

Czech Republic: Taxpayers of personal income tax are faced with a new reporting duty towards the authorities A natural person who attains income during a given tax assessment period which is exempt from personal income tax and exceeds CZK 5 000 000, must notify the tax administration hereof by the

News in the public procurement law - Register of final beneficiaries of subjects. An amendment to the public procurement law (the Law), effective as of 01 November 2015, abolishes Section 26a of the Law on public procurement, i. e. the obligation to establish an assets and liabilities structure, and replaces it with

Czech Republic: An amendment to the Accounting Act provides new rules for the valuation of product inventory The major amendment to the Accounting Act which implements Directive 2013/34/EU into Czech law among other things touches upon the valuation of production inventories. Under the previous regime, companies had a choice: either

Belarus: Significant changes concerning investor activity in Belarus are introduced by Presidential Decree no 8 of 13 November 2015. The new regulation affects projects carried out on the basis of an investment contract with the Republic of Belarus. In the future, these contracts will be concluded only when an investment