The Tax Code amendment moved forward in the legislative process. On 12 February 2020, the Chamber of Deputies approved the bill in the third reading. The bill was subsequently referred to the Senate where it is…
The Czech Republic has declared a nationwide quarantine in its entire territory. The government has decided to impose a two-week quarantine in the country until 6 am local time on March 24, 2020. The restrictio…
The legislative process of passing the Digital Tax Act has not yet come to an end. At present, the act is being considered by the parliamentary Committee on the Budget that is preparing its motions to amend. Wh…
The regional court in Hradec Králové reviewed the legitimacy of calculating the amount of deductions for research and development (“R&D”) by means of ‘calculated expenses’. The court ruled that the Income T…
The coronavirus is spreading across the world and governments are introducing measures intended to minimise the risk of infection and prevent further spread of the virus. However, these measures naturally affec…
The bill on double taxation avoidance with Taiwan passed the legislative process and was published in the Collection of Laws on 26 February 2020. Although it does not have the status of a double tax treaty it i…
With the forthcoming deadline for filing the corporate income tax return, we summarise below several areas which may cause complications in practice.
In November 2019, the Constitutional Court abolished the fee for a motion to initiate proceedings at the Office for the Protection of Competition. This step was even nominated in the current year of the Act of …
On 17 December 2019, the International Accounting Standards Board (IASB) published an exposure draft of a new standard 'General Presentation and Disclosures' that is intended to replace IAS 1 'Presentation of F…