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 o…
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 pr…
The version of the model consolidated financial statements under IFRSs as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech and English.
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 14 January 2021.…
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…
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 …
Biodiversity mirrors human activity and its impacts on nature. However, the reflection is not a flattering one. According to the 2020 Living Planet Index, the population of certain animals has declined by 68% o…
In the last quarter of 2020, several reports, announcements and studies were published, which not only evaluate the development of various different branches of the energy sector but also present their vision f…
In 2021, we can expect a number of legislative news from the EU, which will follow the efforts to implement the European Green Deal and the transformation of the EU economy. When making their decisions, consume…