Tax and legal news

The amendment to the VAT Act effective from 1 September 2020 contains four major changes.

All self-employed persons were exempt from the obligation to pay advance payments on pension contributions in the period March – August 2020.

Self-employed persons (“SEP”) that performed their business activities in 2019 were obliged to file their Summary of income and expenses of the self-employed person (“the Summary”) to their respective social security authority by 18 September 2020 at the latest.

The government approved its draft of the directive on extraordinary extension of the period in international cooperation in tax administration with respect to COVID-19 pandemic.

The National Accounting Council (the “NAC”) updates interpretation of I-40 Reporting of intangible results in research and development.

The Chamber of Deputies approved an amendment to the Act on Compensation Bonuses for people whose work is based on a Contract for Work (CfW) or an Agreement on Working Activity (the AWA). The amendment was prepared by the Ministry of Finance.