Favorite topics by keywords

Focus on what's hot

Tax 

In Brief from International Taxation [January 2021]

Reports on exchange of financial account information and guidance on the transfer pricing implication of the COVID-19 pandemic were published by the OECD. ECOFIN expressed their support for the implementation of DAC 7. Divided distribution by Gibraltar companies to eligible Luxembourg entities will be subject to dividend withholding tax as of 1 January 2021. The French Supreme Administrative Court ruled on the interpretation of tax treaties and PE concept. New PE rules were introduced also in Denmark. Other interesting news refers also to tax changes in Portugal, Belgium or US. 

26. 1. 2021
Tax 

Recommendations of the OECD for Transfer Pricing in Relation to the Impacts of the COVID-19 Pandemic

Extraordinary economic conditions brought about by the COVID-19 pandemic and consequent responses of governments in individual countries may bring numerous practical difficulties in applying the arm’s length principle. For this reason, the Organisation for Economic Co-operation and Development (the “OECD”) issued a report on 18 December 2020 containing recommendations for taxpayers and financial administrations how to proceed when applying transfer pricing rules in periods affected by the COVID-19 pandemic. 

26. 1. 2021
Tax 

Higher Interest on Withheld Excess VAT Deduction Can Be Claimed Retrospectively

It has been several months since landmark ruling of the Supreme Administrative Court ref. no. 1 Afs 445/2019-47 which confirmed the entitlement of VAT payers to a 14% interest on excess deduction plus the Czech National Bank’s repo rate instead of only 1% plus the Czech National Bank’s repo rate. What effect has this change had on the administrative practice of the Financial Administration? And is it possible to require a higher interest also in closed cases? 

25. 1. 2021
Law 

Introducing circular economy or greater biodiversity. What are the challenges of environmental law in 2021?

There is no doubt that we live in a complicated world and it may often feel overwhelming to try to understand the massive amount of new information about environment destruction, technology, social changes and legislative regulations. What changes does the amendment to the Czech Water Act bring? What is the role of cities and regions in the transition to circular economy? What are the risks that accompany the decline in biodiversity? Read about the most topical issues in the world of environmental law. 

25. 1. 2021