The current crisis which we are all still facing has made us all re-consider many relevant aspects of our personal and professional lives. In case of personal lives, it is definitely a more personalized and self-centered process to pursue, but in case of businesses, this analyzing-process may raise endless discussions and dead-end paths. However, the […]
Who stands to benefit from these facilities? What are the conditions provided by the law?
The Decision of the Court of Justice of the European Union: The possibility to eliminate the statutory interest in a credit agreement concluded in a foreign currency, in the situation where the credit institution did not assess the consumer’s creditworthiness (Case C-678/18 OPR-Finance vs. GK)
LEGISLATIVE CONTEXT The Court’s decision followed a request for a preliminary ruling concerning the interpretation of articles 8 and 23 from Directive 2008/48/EC on credit agreements for consumers. (the “Directive”). The competent court from Czech Republic requested a clarification as to whether the aforementioned articles preclude national legislation (Czech legislation) which specifies that the penalty […]
The Commission grants relief from customs duties and VAT when importing medical equipment from non-EU states for fighting against the COVID-19 pandemic
Legislative Context Regulation (EC) No 1186/2009 setting up a Community system of reliefs from customs duty provides the possibility of granting tax relief in special circumstances, respectively in the aid of disaster victims, subject to a decision by the Commission.
During the state of emergency and for a period of 30 days after, VAT refunds will be made based on a subsequent tax inspection, noting that there are some exceptions to this temporary rule.
Until 29 May 2020, the companies should file with the relevant tax authorities their approved financial statements for 2019. To this end, the general meeting of shareholders should be convened and held for approving the statements.
In the current context, all those with activities which are suit for this purpose, have rapidly moved in on-line. For a swift increase of their customers’ database, they use various functionalities/apps which are based on marketing “profiling”.