VAT news: tax deduction advance
An amendment to the Tax Code brings a new tax institute effective from 1 January 2021, which allows the payment of a tax deduction advance (“advance”) before the tax deduction is determined, i.e. before a tax a…
VAT News [October 2020]
The minister of finance announced VAT remission on free delivery of selected protective and medical equipment. The Court of Justice of the EU issued a judgment in a case involving the payment of VAT on a free s…
Proposal for an intended subject-matter of the Accounting Act approved
In a meeting held on 5 October 2020, the Government approved a proposal for the intended subject-matter of the new Accounting Act. The Ministry of Finance will prepare and present to the Government the Accounti…
Announcement of new calls in programmes focused on the fight against the COVID-19 infection
In its emergency meeting on 14 October, the Government passed several subsidy programmes to support businesses and entrepreneurs in economic sectors which have been the most affected by the COVID-19 pandemic. T…
The Court of Justice of the European Union: zero tariffs offered by operators for selected applications are against EU rules
On 15 September 2020, the Court of Justice of the European Union ruled on issues relating to the application of the principle of net neutrality to zero tariffs offered by operators. These tariff packages are ty…
Amendments to IFRS 16 endorsed for use in the EU
On 9 October 2020, Amendments to IFRS 16 Covid-19-Related Rent Concessions were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s effective date.…
Public tender of the Programme for the Support of Industrial Research and Experimental Development TREND
During September, the Technology Agency of the Czech Republic announced the planned 4th public tender of the TREND programme, in the sub-programme Newcomers. The programme aims at supporting projects that focus…
New Interpretation of the National Accounting Board Relating to Customer Loyalty Programmes
The following article provides a brief summary of the main principles of the new interpretation of the National Accounting Board: I-41 “Customer Loyalty Programmes”.
Calls of the Operational Programme Enterprise and Innovations for Competitiveness for 2014 – 2020 on digital transformation …
The Ministry of Industry and Trade of the Czech Republic announced several calls for projects focused on digital transformation and energy savings, i.e. calls of the Technology Programme – Industry 4.0 and Ener…