Amendment to the Tax Code Approved
On 17 June, the President signed a new proposal for the amendment to the Tax Code. Thus, the legislative process was completed and the long-awaited amendment was approved. The amendment shall come into effect o…
Priority for EBA: Access of third parties to dedicated banking interfaces with no obstacles
In June 2020, the European Banking Authority (EBA) published an Opinion clarifying certain provisions of the Regulatory Technical Standards (RTS) on strong customer authentication (SCA). The Opinion of the EBA…
Television, Internet, and Telephone Calls in One Bundle? Stricter Rules are being Introduced in the Czech Republic
By the end of this year, the Czech Republic has to introduce new rules for the bundling of telecommunication services. Operators will not be allowed to extend contracts only because you have ordered a TV offer …
The Impact of Emergency Measures and the Responsibility of the State: The Origination of Entrepreneurs’ Entitlement to Damage Comp…
Measures adopted by states to tackle the COVID-19 pandemic have caused significant problems of a varying nature to numerous entrepreneurs. For most of them, the pandemic has meant substantial financial losses. …
Timetable for Receiving Applications for New Autumn Calls of the Operational Programme Enterprise and Innovation for Competitivene…
We bring you the most important information about the calls, the announcement of which is planned for the end of summer or during this year’s autumn. Therefore, in the table below we present the current schedul…
Accounting for Grants
As government assistance and contributions have been provided more frequently in the period affected by the COVID-19 epidemic, a need has arisen to reflect the use thereof appropriately in accounting. In this a…
IFRS EU Endorsement Process [June 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 3 June 2020.
Expected Announcement of New Autumn Calls in the Operational Programme Enterprise and Innovations for Competitiveness
In autumn, the Ministry of Industry and Trade plans to announce several calls focused on research and development activities. These are mainly the means aimed at supporting investment and operating expenses, wh…
Current Developments in the Legislative Process of the Income Tax Act
The legislative process in the field of Act No. 586/1992 Coll., on Income Taxes, as amended (hereinafter referred to as "ITA"), is very rapid, its development is difficult to predict and, moreover, the individu…