New treaty with Turkmenistan
On 27 March 2018, the Double Taxation Treaty between the Czech Republic and Turkmenistan came into force. The wording of the Treaty is expected to be published in the Collection of International Treaties shortl…
Announcement of a National Call as part of the LIFE Programme
The Ministry of the Environment has announced a national call as part of the LIFE Programme for submitting applications for support in two sub-programmes – ‘Environment’ and ‘Climate’. Support may be applied fo…
IT Firms at Threat of Not Receiving Subsidies
During the compliance audit of public support rules, it was noted that payroll costs of employees that had already worked at the firm could be reimbursed as part of the information and communications technologi…
Courts Have Once Again Sided with Entrepreneurs in Respect of Payment Security Orders
The Supreme Administrative Court has again confirmed that it makes sense to defend yourself against the practices of the financial administration. In its latest ruling on the AB Chemitrans case, the court ruled…
Suspension of the OP PIK Subsidy Programme
An in-depth audit by the Ministry of Finance of the Czech Republic has highlighted errors in the Business and Innovations for Competitiveness Operational Programme (hereinafter “OP PIK”), whose managing authori…
What is RPA and RCA? We´ll show you, what’s behind automation
Automation has created a lot of buzz, especially recently with advances in Artificial Intelligence (AI). Automation, however, covers many technologies. Different types of automation software and hardware bring …
Benefits of non-financial reporting, going ahead the compliance
With sustainability issues gaining increased attention from investors, regulators, activists, and the media, organizations can not afford to ignore the topic. From 1 January 2017, large public-interest entities…
Inconspicuous amendments to the Income Tax Act
The relatively extensive amendment to the Income Tax Act (“ITA”) is expected to introduce substantial changes to international taxation and other fields starting from 2019. We note that the amendment is just at…
IFRS EU Endorsement Process
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 15 March 2018.