On 16 July 2020, the European Union Court of Justice (CJEU) passed judgment C-311/18 (Schrems II), invalidating the US-EU certificate programme Privacy Shield, which ensures data transmission security.
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Transmission of personal data to the US – mission impossible?
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Information about changes in the Corporate income tax, Vehicle operation tax and company car tax law.
Corporate income tax (CIT)
- Starting from 1st June 2023, the purchase value of a representative car without value added tax (VAT) has been increased from EUR 50’000 to EUR 75’000.
- Representative car purchase value of EUR 75’000 (excl. VAT) is applied to cars that have been purchased or leased starting from 1st June 2023.
- For cars that were purchased or leased before 1st June 2023, the value in the amount of EUR 50’000 without VAT is applicable.
Vehicle operation tax and company car tax (CCT)
- Starting from 1st July 2023, the principle of applying CCT and rates have changed, which hence are determined depending on the maximum capcity of the vehicle’s engine in kilowatts (Kw), instead of depending on the engine capacity (cm3) of the vehicle.
- CCT according to the maximum capacity of the engine in Kw is applied to vehicles that were registered for the first time after 1st January 2009 and for which the vehicle registration certificate contains information about the maximum capacity of the engine.
- CCT must be paid in the following amount:
- to 110 kW – EUR 33 per month;
- from 111 kW to 130 kW – EUR 0.30 for each kW per month;
- from 131 kW to 150 kW – EUR 0.35 for each kW per month;
- from 151 kW to 200 kW – EUR 0.50 for each kW per month;
- above 200 kW – EUR 0.70 for each kW per month.
- The amount of CCT for a vehicle which by construction uses the energy stored from the electrical or motive power storage device stored in the vehicle for its mechanical driving force has changed from EUR 10 to EUR 15 per month.
- The amount of CCT for a vehicle which by construction uses both energy from the electricity stored in the vehicle or a motive power storage device, for which necessary electricity can be obtained by connecting to an external electricity source as well as energy from the internal combustion engine is EUR 25 per month.
- CCT rate in the amount of EUR 60 per month is determined for the other vehicles not mentioned above.
- Taxpayers who paid the CCT for the entire taxation period or part of it until 30th June 2023 the CCT difference that arise after 1st July 2023 must be paid before the next technical inspection.
