Natural resource tax rates have changed this year (1/5/12) (0)

31.01.2012

Passed

The Natural Resource Tax Act provides for a gradual increase in rates charged on certain taxable items. Increased rates apply to certain items from 1 January 2012 as well. Read more..

Data Protection Directive to become Regulation (2/5/12) (0)

31.01.2012

Draft

On 25 January 2012 the European Commission (EC) put forward a proposal for comprehensively reforming the data protection rules to increase the scope for data subjects to control their data and to reduce cost to businesses. The EC proposal has been submitted to the Council and Parliament, who have yet to make a decision on the relevant documents, optimistically forecasting that this could be done by the end of 2014. This article takes a brief look at the goals, principles and conditions of the proposed new Regulation. Read more..

Practical tips for public procurement bidders (3/5/12) (0)

31.01.2012

Practice

This article is designed to give practical advice in a typical situation that may face any bidder taking part in public procurement proceedings and the customer running such proceedings. Read more..

Appendices to VAT return should separately show transactions with one party (1/4/12) (0)

24.01.2012

Passed

Our earlier editions of Flash News have informed our subscribers of amendments to the VAT Act and to the Cabinet Regulation relating to the introduction of reverse-charge VAT on construction services. On 17 January 2012 Cabinet Regulation No. 1640 regarding the VAT return was supplemented with instructions for completing the return and its appendices as well as amendments to the return form. This article explores some of the key requirements for preparing the VAT return and its appendices. Read more..

Electronic data interchange (2) (2/4/12) (0)

24.01.2012

Practice

This article picks up where we left off in our Flash News edition of 17 January 2012 on the subject of electronic interchange regarding the main requirements of current legislation for e-records. Read more..