Taxation News – 5th Issue (February 2015)-New Taxation for Mass Media
Greece
- European Commission Fact Sheet – November Infringements Package: Main Decisions
- Commission Presents Options for Simpler and more Robust Future VAT Regime
- V.A.T. Imposition on Leased Airplane’s Delivery in Greek Airline Company when the Seller and the Buyer do not Have Their Establishment in Greece
- New Taxation for Mass Media
According to paragraph 12 article 5 Law 3845/2010 it is imposed special tax to the advertisements of the
television. The tax rate is 20% on advertisements net value as calculated by mass media. Moreover, the
tax burdens the advertised company or the advertiser and the invoice is issued on his name. In case the
invoice issued is at the adviser’s name, it is sent a copy of the invoice with the issuer’s stamp and
signature to the advertised until the end of the next month of invoice’s issuance.
The T.V. mass media collect this special tax and attribute it monthly to the competent tax authority by
statements, until the 20th day of each month, for the revenues from the previous month’s television’s
advertisements.
This paragraph’s provisions come into force from 1.1.2015.
Poland
- A New Tax on Fuel from 2015
- Extra Fees for IPhones and Tablets? Artists Raise Objections
Romania
- Urgency Decree on the Amendment of the Law no. 571/2003 Related to the Fiscal Code and of other Normative Acts
Serbia
- Amendments to the Corporate Income Tax Law – New Rulings regarding the Application of International Financial Reporting Standards (IFRS)
Ukraine
- Ukrainian Parliament has Adopted Implementation of the Additional Import Duty
EU
- The Battle against Tax Fraud and Tax Evasion
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