Insights: Tax Legislation

Dear Business Partners,

Navigating corporate and VAT rate changes in Eastern Europe, Central Asia and the Caucasus requires specific strategic foresight due to evolving local tax laws.

An increase in the corporate income tax rate requires immediate planning of the revenues and expenses of the current and following tax period for the purpose of optimization of the tax burden. Furthermore, an increase of VAT tax rate introduces complexity for long-term contracts, where, for example, prepayment is received in one period but the delivery of goods takes place in another.

These legislative shifts are currently reshaping the business landscape across the region.

If you need expert advice on tax matters in these regions, SCHNEIDER GROUP is ready to assist you.

Watch our video to learn more.