VAT news [April 2021]
Further extension of the VAT exemption on selected healthcare products, explanatory notes to the new e-commerce rules introduced by the European Commission, and the case law of the Court of Justice of the EU, w…
Significant updates to domestic withholding tax rules in Germany
Draft law would tighten application of anti-treaty shopping rules substantially and modernize existing WHT procedural rules. The approach provided in the draft law would result in a significant tightening of th…
Abuse of law at the Municipal Court in Prague – interest from financing intra-group transformation
At the beginning of 2021, the Municipal Court in Prague addressed the tax-deductibility of interest on an intra-group acquisition loan; eventually, the Court assessed a realised intra-group transformation as an…
Reporting obligation for digital platforms in line with DAC 7
The Directive on Administrative Cooperation in the Field of Taxation has already been subject to several amendments; the last of these, DAC 6, dealt with extending the reporting obligation to include cross-bord…
Loss carryback – six questions and answers for its application
The preparation of tax returns for 2020 is culminating, and we can observe what a wide range of entities has been affected by the coronavirus crisis, which has caused so far profitable companies to be in the re…
Mandatory information in project documentation for deduction of research and development: extreme formalism or legitimate expectat…
Requirements for the content of the document entitled “Research and Development Project” (currently “Project Documentation”) became a subject matter of numerous disputes between taxpayers and the tax administra…
5 questions on the topic of bank identity
Since 1 January this year, our country has joined the ranks of those that have introduced rules for the existence of digital identity. The initiative has been taken by banks, hence the name Bank Identity. In th…
2021 census – for citizens of the Czech Republic and foreign nationals
At midnight from 26 to 27 March 2021, a mandatory census will begin which is conducted once in ten years. The census is obligatory for all citizens of the Czech Republic and persons who have resided in the Czec…
Tax Package at the Constitutional Court of the Czech Republic
As we have informed you in our previous articles, during the approval process of the Tax Package for 2021 (amendment of the Income Taxes Act as of 1. 1. 2021), doubts arose as to whether the legislative process…