Currently on ATAD implementation
The proposed amendment to the Income Taxes Act (included in the government package of tax law amendments), whose primary objective is to implement the EU Anti Tax Avoidance Directive – ATAD from 1 January 2019,…
Equity in the annual financial statements
In today’s article, we will focus on equity and selected aspects of its review in the annual financial statements prepared under Czech accounting legislation.
CbC reporting: Amended list of cooperating countries
In Financial Bulletin (“FB”) No. 7/2018 of 23 August 2018, the Financial Administration published an amended list of countries exchanging country-by-country reports (“Report”) with the Czech Republic. The chang…
Autumn Round of the Acceptance of Applications under the Rural Development Programme
The autumn, already the 7th, round of the acceptance of applications under the Rural Development Programme will take place from 9 October 2018 to 30 October 2018. The managing body is the Ministry of Agricultur…
Investors and city representatives met in search of a friendly city. Deloitte was also present
At present, cities are the main VAT drivers, their economy is growing and their position is even stronger with the expansion of digital technology. People want to move to cities and live there which is also the…
International taxation news: Decision of the Court of Justice of the European Union
The Court of Justice of the European Union (CoJ) revoked a decision cancelling the transferability of tax losses in Germany. According to the CoJ, losses incurred by permanent establishments may be credited aga…
The flat expense charge-off for entrepreneurs will not increase
The Chamber of Deputies rejected an amendment intended to restore the cap on the flat expense charge-off (“paušální výdaje”) to the past year’s level, i.e. in relation to the annual income of CZK 2 million.
UK consults on registration of overseas entities that own UK property
The UK Department for Business, Energy and Industrial Strategy (BEIS) on 23 July 2018 launched a consultation on provisions in a draft bill, the "Registration of Overseas Entities Bill," to establish a new bene…
TeenXO: The generation that will send tourists to Mars
They were practically born with mobile phones and tablets in their hands, they use social media as the primary source of news about everyday life and the world. These are today’s teens, the kids who create our …