Place of work of a foreign employee
The events of the recent months show that the popularity of work outside the official place of employment continues to grow not only among Czech, but also among foreign employees, of course. What are the pitfal…
Real estate transfer tax has been abolished. What is going to change?
After a legislative process of approximately six months, on 26 September 2020, the Act on the Abolition of Real Estate Transfer Tax (or the repeal of the Senate’s Ordinance No. 340/2013 Coll.) became effective.…
User Videos Will Be Under Control of Czech Officials. The Act Has Already Been Prepared
Video sharing websites will have to adhere to rules for advertising, protect children against harmful content and prevent promotion of terrorism. Insufficient measures will be fined by the Radio and Television …
In Brief from International Taxation [September 2020]
Since 1 September 2020 The Czech republic has implemented MLI rules to Tax Treaties with Australia and Canada. The European Commission published the Study on EU-28 2018 VAT Gap, the largest VAT Gap was observed…
Employees in Identical Positions Do Not Have to Earn the Same Salary, They Must Receive a Fair Pay, Says Pavel Bejšovec
Employees in identical positions must earn the same salaries regardless of regional differences in individual regions of the Czech Republic, such is the predominant interpretation of the recent ruling of the Su…
IFRS EU Endorsement Process [September 2020]
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 September 202…
Looking for news in US GAAP? Meet Deloitte Accounting Research Tool (DART)
Previously, the content to regulatory and accounting matters was published on iasplus.com where you could also find US related content. Deloitte has recently concentrated all US related content to a new researc…
IASB issued narrow-scope amendments to IFRS 17 and IFRS 4
On 25 Jun 2020, the International Accounting Standards Board (IASB) issued 'Amendments to IFRS 17' to address concerns and implementation challenges that were identified after IFRS 17 'Insurance Contracts' had …
Extending the effectiveness of certain regulations governing public support
The European Commission has extended the effectiveness of several regulations governing public support. The reason was their impending expiration at the end of this year.