News
Compensation of Sports Expenses from 2018
Compensation is not the employer’s obligation, but an option. It is an agreement between the employer and the employee. Clearly, no law can force employees…
Intragroup loans can bring about tax liability
In the case of intragroup loans, it is still important that they are granted with interest rates that correspond to market conditions. Granting a loan…
Transporting contractual employees to work no longer subject to tax as of August 2017
Pursuant to the effective act, an employer’s expenses made on transporting employees are not regarded as a fringe benefit only if the use of public…
Sickness benefit can now also be paid for the second and third days of sickness without social tax obligation
Pursuant to the effective Occupational Health and Safety Act (OCHSA), an employer must pay an employee a benefit of 70 per cent of the employee’s…
Covering the accommodation expenses of employees will not be a fringe benefit in the future
The intended amendment concerns the part of the Income Tax Act that regulates fringe benefits. A part of the amendment concerns covering the accommodation expenses…
Look up does your company have an obligation for an audit or audit overview
An accounting audit is compulsory for an audit entity in whose annual accounts at least two of the indicators of the financial year exceed the…
Conditions of entering into employment contracts with minors set to change
The most important changes concern working hours and the procedure for hiring. Both the existing and the amended Act prescribe that entering into an employment…
VAT group represents a major advantage
Subsection 26 (7) of the Value Added Tax Act stipulates that transactions between persons registered as a value added tax group are not deemed to…
Automobile taxation as a fringe benefit
Not just any use of a company automobile constitutes a fringe benefit for the purposes of the Income Tax Act. Decision No. 3-3-1-93-08 of the…