Legal Knowledge

TELFA & USLAW sharing legal knowledge to the world.

[Legal Knowledge @Legal_Knowledge]

CHANGES IN PROFIT DISTRIBUTION IN BUSINESS CORPORATIONS UNDER CZECH LAW
https://t.co/cjBlKPlGNd
Profit distribution in the light of the current case law of the Supreme Court of the Czech Republic On 27th March 2019 the Czech Supreme Court issued an innovative decision concerning

[Legal Knowledge @Legal_Knowledge]

Tax benefits resulting from operating in a Special Economic Zone in Poland
https://t.co/sUpW3D6kB8
Special Economic Zones (SEZ) offer a number of facilities and tax preferences for enterprises operating in their area. What tax benefits can the companies operating within them coun

[Legal Knowledge @Legal_Knowledge]

Start-up and innovation companies
https://t.co/yhcdOAtUzQ
This article aims to illustrate the introduction of a tax regime for the Start-up and innovation companies, provided by the Italian Government. The concept of Innovative Start-up consists in companies, also not resident in

[Legal Knowledge @Legal_Knowledge]

Relief for residential purposes in Poland – how does it work from January 1, 2019?
https://t.co/lUJGclXYY6
From January 1, 2019, changes regarding the so-called residential relief, i.e. the provisions of the Polish Personal Income Tax Act, related to tax exemption on income from

[Legal Knowledge @Legal_Knowledge]

The Sponsor is the sole data controller in the context of clinical studies
https://t.co/gPM7DSIR2B
As part of our external DPO assignments, we often encounter difficulties during the elaboration or evaluation of Privacy Impact Assessments carried out to determine the compliance o

[Legal Knowledge @Legal_Knowledge]

Depreciation rate in the so called private lease vs. premises used in business
https://t.co/42gLsKDEli
Polish tax authorities confirm that taxpayers have the right to reduce income derived from the so-called private lease (not as part of business operations) by tax deductible exp

[Legal Knowledge @Legal_Knowledge]

Consequences of failure to submit information to the Central Register of Beneficial Owners in Poland
https://t.co/W2sPwvlaWy
Starting from October 13, 2019, the provisions introducing the Central Register of Beneficial Owners will enter into force in Poland, in response to the im

[Legal Knowledge @Legal_Knowledge]

Polish taxation rules for virtual currency exchange
https://t.co/8RAHupQ5cM
The development of virtual currencies and an increase in the number of transactions related to them can be observed in recent years. Unfortunately, Polish tax law has not kept pace with the development in

[Legal Knowledge @Legal_Knowledge]

Belgian UBO register – administration will apply a tolerance policy until 31 December 2019
https://t.co/DkF87O7wZx
The Belgian Law of 18 September 2017 (the “Law”) implementing the 4th Anti-Money Laundering Directive of May 2015 (the “4th AML Directive”) has established the Ultim

[Legal Knowledge @Legal_Knowledge]

New rules for collecting withholding tax in Poland – again partly deferred
https://t.co/eme3oHc45J
The amendment to the provisions of the Polish Personal and Corporate Income Tax Acts has brought a number of obligations imposed on entities making payments such as, among others, d

[Legal Knowledge @Legal_Knowledge]

Does a holding company run a (real) economic activity?
https://t.co/WbtnNTurvr
So far, the issue of holding companies conducting real economic activity has not been subject of lively discussions in Poland. Nevertheless, the provisions introduced by the legislator as a weapon to f

[Legal Knowledge @Legal_Knowledge]

Legislative proposal for the modernisation of partnerships; civil and tax aspects
https://t.co/panI0nhWhc
On 21 February, the draft bill of the Legislative Proposal for the modernisation of partnerships (‘draft legislative proposal’) was submitted for consultation. The draft legi

[Legal Knowledge @Legal_Knowledge]

Will a Polish company pay income tax on liquidation assets passed on to its shareholder?
https://t.co/RQ9pyAo2s5
Once Article 14a of the Polish Corporate Income Tax Act went into force, it was uncertain whether this provision applied to situations where a company under liquidatio

[Legal Knowledge @Legal_Knowledge]

What do you need to know before exporting a work of art located in Poland?
https://t.co/viDRuGaxmZ
Export of a work of art, either temporarily or permanently, requires a special permit, provided that certain criteria are met. Failure to receive such permit before exporting is con

[Legal Knowledge @Legal_Knowledge]

New Italian Tax Regime For Pensioner
https://t.co/rTytmsnnCE
1 Foreword This article aims to illustrate the introduction of a new tax regime provided by the Italian Government to attract foreigners and Italians in retirement living in foreign countries to move their residence to

[Legal Knowledge @Legal_Knowledge]

Polish tax on revenue from fixed assets encompasses hotels, conference centers and sports facilities
https://t.co/hGXcHjQthf
Starting from January 1, 2019 an amendment of Corporate and Personal Income Tax Acts went into force with regards to the so-called tax on commercial real e

[Legal Knowledge @Legal_Knowledge]

Capital gains realized from the disposal of stocks in a Polish joint-stock company are taxable only in a transferor’s state of residence
https://t.co/1tDTrVJSUu
Albert Einstein once said that a question pertaining to taxes is too difficult for a mathematician. It should be asked

[Legal Knowledge @Legal_Knowledge]

Echo of the Panama Papers – Central Register of Beneficial Owners soon launches in Poland
https://t.co/d3j8LN1igf
Pursuant to the Act on Counteracting Money Laundering and Terrorist Financing (“AML Act”), on October 13th, 2019 this year Poland will launch the Central Register of

[Legal Knowledge @Legal_Knowledge]

Central Register of Beneficial Owners in Poland – private foundation is in question
https://t.co/864qw0aOQs
Foreign private foundations are becoming more and more popular among Poles as an instrument of inheritance planning and private assets protection. Polish Act on Counteracti

[Legal Knowledge @Legal_Knowledge]

The favourable tax regime of new Italian residents
https://t.co/MJrZ8iYSKb
Foreword This brochure aims to illustrate the introduction of the new tax regime for the “new Italian residents” with the debut of a lump-sum taxation called “Flat tax”, granting an exemption of foreign in