Lex Brexit – current status
An approved law regulating various areas of so-called hard Brexit passed the legislative process. Following the development of the situation, it will be promulgated in the Collection of Laws unless a UK-EU agre…
New R&D tax relief rules apply
On Tuesday, 12 March, the Chamber of Deputies approved an amendment to the Income Taxes Act, which also amends rules for applying R&D tax relief. Amendments proposed by the Senate of the Czech Republic were…
GDPR in practice: The General Data Protection Regulation starts achieving its intended goal
For a number of companies and consumers, 25 May 2018 was a revolutionary milestone in terms of personal data importance. Partly given the significant attention paid by the media, consumers and organisations sta…
On Whose Part Does Gratuitous Income Arise When the Lease and Sub-Lease Agreements are Terminated at the Same Time?
In cases in which the property owner enables the lessee to perform technical improvement on the property and to subsequently depreciate the improvement made, while no compensation is provided upon the lease agr…
Can holiday compensation be used as part of the R&D deduction claim?
Holiday compensation and its utilisation as a research and development (“R&D”) deduction has been a widely debated issue in recent years. The General Financial Directorate refused for such compensation to b…
Singularity University is back a year later!
Robotics, artificial intelligence, the internet of things, ethics, nanotechnology and other areas and topics. Come on 1 and 2 April 2019 to discuss the future with the biggest thinkers of the present time. We o…
Use of the guide value in determining the real estate acquisition tax base
For the purpose of determining the real estate acquisition tax base, a taxpayer has the possibility to choose either the price determined by an expert valuation or the so-called guide value (“směrná hodnota”) a…
Digital business transformation: The arrival of new technologies is inevitable, Czechs are demanding customers
Every good CEO should be able to keep up with new technologies and use them as efficiently as possible. Nevertheless, digital business transformation is a long haul and can sometimes become a stumbling block. O…
Income Taxes from Dependent Activities and Insurance: What Will 2019 Bring?
The period of annual tax reconciliations and tax returns is approaching. Therefore, we bring you a practical guide with which you will surely outsmart the taxes. We will summarise the tax and insurance news tha…