Tax Outlook for 2021
The Ministry of Finance has submitted a proposal for tax amendments for 2021 to the government. These amendments are summarised in Document of the Chamber of Deputies No. 910, which has currently passed its fir…
VAT News [August–September 2020]
Quick fixes, which regulate certain rules for cross-border transactions within the European Union, will take effect from September. The Court of Justice of the European Union (CJEU) has ruled in three interesti…
Update on the reporting obligation in cross-border arrangements (DAC VI) [August 2020]
Based on the 6th amendment to the Directive on administrative cooperation in the field of taxation (“DAC VI”), EU member states (including the Czech Republic) should introduce an obligation for businesses to re…
VAT payers are entitled to higher interest due to lengthy reviews of excessive deductions
The Supreme Administrative Court rendered a judgement in mid-July, which has a significant impact on the amount of compensation pertaining to VAT payers whose excessive deduction refund was withheld by the tax …
Free Trade Between the EU and Vietnam
The EU-Vietnam Free Trade Agreement will enter into force on 1 August 2020. From this date onwards, mutual duty-free trade will be possible for a wide range of products. For certain selected types of goods, the…
The pace of environmental degradation is seconded by the pace of environmental regulation
The peed of the development of various innovations and the pace of incoming signals about environmental degradation are increasing, creating a confusing tangle of calls for quick solutions, new constraints and …
From farm to fork: What are the first manifestations of the Green Deal?
Small but still significant steps towards a greener future have been taken in several areas in recent months. The Green Deal setting out the direction of the European Union for the coming years is beginning to …
New rules will allow irrigation of agricultural crops with water from wastewater treatment plants
Drought is one of the biggest problems of adaptation to climate change. That is why the European Union has prepared new rules on the use of waste water for irrigation in agriculture, allowing it to be recycled …
The circular economy will have a positive impact on employment
It turns out that circular policies should have a positive impact on employment in the future. But the devil hides in detail, and there is not much data. It turns out that the most effective tool is to reduce l…