dReport in English – All Deloitte news in one place.

Czech Christmas in America

It was a six-hour drive from Philadelphia to a small village in Massachusetts to visit Grandma and Grandfather for Christmas. During the journey, Count Henry Francis Kolowrat would sit with a dog named Red in his lap, who would try to attack every toll collector in their blue uniforms at every toll gate on the highway. Christmas Eve dinner for 23 adults and children, each year followed the same script and those funny stories are not forgotten. These are Henry Kolowrat's memories of Czech Christmas in America, where he was also born. How does a nobleman find himself in Deloitte? And how does he remember his grandfather?

From the practice of the Supreme Administrative Court: R&D tax relief

The Supreme Administrative Court (“SAC”) issued two important rulings in relation to the tax-deductible items for research and development (“R&D”). In the first case, the SAC dealt with a possible bias of the Tax Administrator as a result of awarding target rewards for non-recognition of the R&D tax relief and in the second case the recognition of holiday allowances as part of the R&D tax relief.

More information

Tax

Property tax increase in Prague

The capital city of Prague has issued a general municipal regulation, increasing the local coefficient value from 1 to 2. Based on the increase in the coefficient, the property tax has doubled. This will mainly affect the property tax on office buildings, shopping malls, and other commercial premises.

Tax

Abuse of law discussed again at the Supreme Administrative Court

In its recent judgment ref. no. 6 AFS 376/2018-46 of 14 November 2019, the Supreme Administrative Court (hereinafter the “SAC”) dealt with the concept of abuse of law. Let us remind you that the concept of abuse of law is generally interpreted as a situation in which legislation being applied in its literal wording leads to a solution which is contrary to its own sense and purpose. What was the case about? What did the SAC decide?

Tax

Free Trade between the EU and Singapore

On 21 November 2019, an agreement on economic partnership was entered into between the EU and Singapore. Since then, all products originating in the EU may be imported to Singapore without customs duties. Similarly, the EU removed customs duties for most products originating in Singapore. For selected items, the EU made a commitment to gradually reduce customs duties in the period of the next three to five years.

Accounting

FASB changed effective dates of certain standards

The Financial Accounting Standards Board (FASB) has issued a communication around the new or finalized effective dates for most recent standards. Changes allow more time to implement and adopt credit losses, leases, long-duration insurance contracts standards.

Accounting

IFRS EU Endorsement Process [November 2019]

The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 6 November 2019.

Tax

Tax package introducing changes in consumption and gambling taxes passed by the Chamber of Deputies

On 6 November 2019, the Chamber of Deputies passed a bill amending selected tax legislation in relation to increasing the public budget income. The amendments concern, inter alia, consumption and gambling taxes. The bill will now be considered by the Senate.

What is the Green Deal all about?

Enterprises and crisis management: How to efficiently avoid problems and reduce any potential losses?

Czech Christmas in America

Property tax increase in Prague

Abuse of law discussed again at the Supreme Administrative Court

Free Trade between the EU and Singapore

FASB changed effective dates of certain standards

IFRS EU Endorsement Process [November 2019]

Tax package introducing changes in consumption and gambling taxes passed by the Chamber of Deputies

What is the Green Deal all about?

Enterprises and crisis management: How to efficiently avoid problems and reduce any potential losses?

Czech Christmas in America

Favorite topics by keywords

Property tax increase in Prague

Abuse of law discussed again at the Supreme Administrative Court

Free Trade between the EU and Singapore

FASB changed effective dates of certain standards

IFRS EU Endorsement Process [November 2019]

Tax package introducing changes in consumption and gambling taxes passed by the Chamber of Deputies