International taxes in brief – April
Austrian government announced a package of proposals to tax the digital economy. According to European Commission UK CFC rules constitutes illegal state aid. This is only some of the news that you will read abo…
A new crime of obstruction of justice and its impact on submitting means of evidence
With effect from 1 February 2019, a new provision of Section 347a was introduced in the Criminal Code (Act No. 40/2009 Coll., the Criminal Code, as amended) stipulating a crime of obstruction of justice. Its su…
SFTR – the last puzzle to complete the securities reporting requirements (beyond MIFID II, MIFIR and EMIR)
In response to the 2008 financial crisis, (not only) European regulators came up with numerous efforts to reduce financial stability risks arising from shadow banking activities, with the ultimate goal of incre…
VAT news in April
The Czech Tax Administration published an overview of most changes introduced by an amendment to the VAT Act. Case C-201/18 Mydibel assessing sale and lease back transactions in terms of VAT may have significan…
Expansion of exemption from real estate acquisition tax
The Chamber of Deputies approved a legal provision amendment that will allow exempting from real estate acquisition tax also the first acquisition of an apartment unit in a detached house against payment, not j…
Bioengineering, autonomous vehicles or real-life Iron Man. The second year of the Singularity University conference was held in Pr…
What technological innovations are waiting for us in the coming years? How will they affect our lives and the functioning of companies? And how to prepare for them? Silicon Valley visionaries tried to answer th…
New Reporting Duty for Tax Payers
The amendment to tax legislation, which is effective from 1 April 2019, introduces a new reporting duty for tax payers. Income that is generally subject to withholding tax in the Czech Republic but is exempt or…
Annual Tax Reconciliation: Resident versus Non-Resident
In order for you to perform the annual tax reconciliation properly and to maintain the payroll agenda correctly, you must answer one crucial question: is the employee a tax resident or a non-resident? How to de…
EU announces preparations for no-deal Brexit are complete while the Brexit day remains unclear
On 25 March 2019, the European Commission published a press release announcing that the EU’s preparations for a no-deal Brexit, which could occur as early as 12 April 2019, are complete.