The Defense Tax Act, adopted at the end of last year and widely debated due to the proposed taxation of corporate profits, has been repealed. Instead, permanently increased tax rates will now apply to value-added tax (VAT), income tax, and business income tax.
Besides companies, we also advise individuals on taxation of personal income. We advise both residents and non-residents, represent the client at the Tax and Customs Board (if necessary), assist with restructuring and declaration of different types of assets, etc.
Most often the advice is needed on following topics:
- Sale and restructuring of assets (incl. real estate, securities, crypto assets)
- Classification and reporting crypto transactions
- Reporting investment portfolio, including foreign investment portfolios, investment account transactions, etc
- Reporting foreign income, elimination of double taxation
- Tax advice related to cross-border employment and moving to another country
- Taxation and reporting income from shareholdings, including dividends from foreign companies, income from foreign (tax-transparent) partnerships, equity payments, etc
- Calculation and reporting capital gain related to employer's option programs and other share based incentives
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