Legal Knowledge

CHANGES IN PROFIT DISTRIBUTION IN BUSINESS CORPORATIONS UNDER CZECH LAW zpr.io/tXpet Profit distribution in the light of the current case law of the Supreme Court of the Czech Republic On 27th March 2019 the Czech Supreme Court issued an innovative decision concerning

Tax benefits resulting from operating in a Special Economic Zone in Poland zpr.io/tZbzn Special Economic Zones (SEZ) offer a number of facilities and tax preferences for enterprises operating in their area. What tax benefits can the companies operating within them coun

Start-up and innovation companies zpr.io/tZYxq This article aims to illustrate the introduction of a tax regime for the Start-up and innovation companies, provided by the Italian Government. The concept of Innovative Start-up consists in companies, also not resident in

Relief for residential purposes in Poland – how does it work from January 1, 2019? zpr.io/tZ6Vz From January 1, 2019, changes regarding the so-called residential relief, i.e. the provisions of the Polish Personal Income Tax Act, related to tax exemption on income from

The Sponsor is the sole data controller in the context of clinical studies zpr.io/tGu7f As part of our external DPO assignments, we often encounter difficulties during the elaboration or evaluation of Privacy Impact Assessments carried out to determine the compliance o

Depreciation rate in the so called private lease vs. premises used in business zpr.io/tf7fA Polish tax authorities confirm that taxpayers have the right to reduce income derived from the so-called private lease (not as part of business operations) by tax deductible exp

Consequences of failure to submit information to the Central Register of Beneficial Owners in Poland feedproxy.google.com/~r/lega… Starting from October 13, 2019, the provisions introducing the Central Register of Beneficial Owners will enter into force in Poland, in response to the im

Polish taxation rules for virtual currency exchange feedproxy.google.com/~r/lega… The development of virtual currencies and an increase in the number of transactions related to them can be observed in recent years. Unfortunately, Polish tax law has not kept pace with the development in

Belgian UBO register – administration will apply a tolerance policy until 31 December 2019 feedproxy.google.com/~r/lega… The Belgian Law of 18 September 2017 (the “Law”) implementing the 4th Anti-Money Laundering Directive of May 2015 (the “4th AML Directive”) has established the Ultim

New rules for collecting withholding tax in Poland – again partly deferred feedproxy.google.com/~r/lega… The amendment to the provisions of the Polish Personal and Corporate Income Tax Acts has brought a number of obligations imposed on entities making payments such as, among others, d

Does a holding company run a (real) economic activity? zpr.io/tPQ7D So far, the issue of holding companies conducting real economic activity has not been subject of lively discussions in Poland. Nevertheless, the provisions introduced by the legislator as a weapon to f

Legislative proposal for the modernisation of partnerships; civil and tax aspects zpr.io/tP8vV On 21 February, the draft bill of the Legislative Proposal for the modernisation of partnerships (‘draft legislative proposal’) was submitted for consultation. The draft legi

Will a Polish company pay income tax on liquidation assets passed on to its shareholder? zpr.io/gQwbT Once Article 14a of the Polish Corporate Income Tax Act went into force, it was uncertain whether this provision applied to situations where a company under liquidatio

What do you need to know before exporting a work of art located in Poland? zpr.io/gWjfJ Export of a work of art, either temporarily or permanently, requires a special permit, provided that certain criteria are met. Failure to receive such permit before exporting is con

New Italian Tax Regime For Pensioner zpr.io/gBixY 1 Foreword This article aims to illustrate the introduction of a new tax regime provided by the Italian Government to attract foreigners and Italians in retirement living in foreign countries to move their residence to

Polish tax on revenue from fixed assets encompasses hotels, conference centers and sports facilities zpr.io/gVF7u Starting from January 1, 2019 an amendment of Corporate and Personal Income Tax Acts went into force with regards to the so-called tax on commercial real e

Capital gains realized from the disposal of stocks in a Polish joint-stock company are taxable only in a transferor’s state of residence zpr.io/gVmTe Albert Einstein once said that a question pertaining to taxes is too difficult for a mathematician. It should be asked

Echo of the Panama Papers – Central Register of Beneficial Owners soon launches in Poland zpr.io/gVUjK Pursuant to the Act on Counteracting Money Laundering and Terrorist Financing (“AML Act”), on October 13th, 2019 this year Poland will launch the Central Register of

Central Register of Beneficial Owners in Poland – private foundation is in question zpr.io/gv5dL Foreign private foundations are becoming more and more popular among Poles as an instrument of inheritance planning and private assets protection. Polish Act on Counteracti

The favourable tax regime of new Italian residents zpr.io/g4GVJ Foreword This brochure aims to illustrate the introduction of the new tax regime for the “new Italian residents” with the debut of a lump-sum taxation called “Flat tax”, granting an exemption of foreign in