Intragroup loans can incur a tax liability in Estonia Sep 20

The new version of the Estonian Income Tax Act will take effect on January 1st, 2018, bringing along important amendments regarding the taxation and loans given to the shareholders or members of business entities.
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Procedure for handling bad debts in Latvia Sep 13

Limited resources of small and medium-sized enterprises often make it hard for them to establish and implement internal procedures for the control of debtors. Also, the responsible staff may not always be aware of how to tackle different situations regarding bad debts, e.g. when the debtor has already terminated business or initiated insolvency.
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Hungary's Credit Rating Outlook Improved by S&P Sep 06

Hungary is making gradual positive steps in country's credit ratings. Standard & Poorʼs Global Ratings revised the outlook on Hungaryʼs long and short-term foreign and local currency sovereign credit ratings from "stable outlook" to "positive outlook" on August 25, 2017.
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Simplified VAT registration in Bulgaria Aug 30

The draft amendments to the Bulgarian Tax and Insurance Procedure Code provide an opportunity to register a company to the Commercial Register and at the same time apply for voluntary VAT registration.

The administrative procedure of VAT registration is in this case simplified, also decreasing the administrative burden of visiting separate administrations.
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Single Tax Account (MAIS) introduced in Latvia from January 1st, 2018 Aug 23

In accordance with law amendments in Latvia, a new payment administration information system (MAIS) will be introduced in Latvia from the beginning of year 2018 to simplify tax payments to the state budget.
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Annual Tax Return not obligatory for inactive companies in Bulgaria Aug 16

Draft amendments have been made to the Bulgarian Tax and Insurance Procedure Code, providing that "sleeping companies" i.e. legal persons without activity during the tax year are not obliged to file the Annual Tax Return nor Annual Financial Statements.
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All companies in Hungary must register themselves online by August 31st Aug 09

Hungary is setting up the e-administration system, taking effect from January 1, 2018. As the next steps towards implementing the system, all companies in Hungary have to register themselves through online Corporate Gate "Cégkapu" by the end of August.
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Tax reforms laws adopted in Latvia Aug 02

On July 28, 2017, the Latvian Parliament considered and adopted all the amendments planned within the tax reform. All the amendments will take effect on January 1, 2018.
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