A Lex Mundi Multi-jurisdictional Survey prepared by the International Tax Practice Group
On May 1st 2004, the fifth enlargement in the history of the European Union was effected, comprising the largest number of countries ever admitted at one time (i.e. Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovak Republic and Slovenia). On January 1st 2007, two new countries joined the EU, namely Romania and Bulgaria. This enlargement, which has inspired far-reaching legal, political and economic reforms in the twelve new member states, presents challenges and numerous opportunities in the area of taxation.
On the occasion of the recent enlargement, Lex Mundi has prepared and marketed internally a short, up dated practical guide, providing essential information on the tax systems in force of each new EU member state. The “EU Accession States Tax Guide” was initiated by Lex Mundi’s International Tax Practice Group and was coordinated by Yerassimos C. Yannopoulos and Maria Vrachatis both members of Zepos & Yannopoulos (the Lex Mundi member firm in Greece). The aim of the relevant publication is to: (i) disseminate among Lex Mundi member firms key information on the tax systems covered and (ii) constitute a valuable tool for both members and clients in assessing the tax environment in each new member state in the pursuit of business activities and opportunities.
This multi-jurisdictional survey will be updated from time to time. If you would like to submit an entry or require further assistance, please contact Kim Bowers at: kbowers@lexmundi.com.
The results of the survey are not intended to represent a comprehensive guide nor a legal advise on the matters covered by them but rather provide a general overview on the subject. They may only be used as an indication and advice should always be sought from the appropriate Lex Mundi member law firm.
Please note that each response was provided on a different date, and therefore the answers to the survey refer to laws and regulations in force on that specific date.
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