Revenue recognition and expense recharges
When preparing financial statements, certain areas may present interpretational challenges. This article examines two such areas—revenue recognition and the recharging of expenses.
Restriction on granting Czech citizenship for citizens of the Russian Federation
The amendment to the Lex Ukraine VII law significantly reduced the possibility of obtaining Czech citizenship for citizens of the Russian Federation older than 15 years, at least until the end of March 2026.…
Legal News [February 2025]: Rejection of a claim for the grant of necessary access
The Supreme Court, in a series of its latest rulings, addressed key issues of civil law – from the rejection of a claim for the grant of necessary access due to gross negligence, to liability arising from ope…
Changes in taxation of ESOP income likely effective from 1 April
On 26 February 2025, the Senate approved a bill that will make the currently mandatory regime of deferred taxation of income from Employee Stock Ownership Plans (ESOPs) optional. As the President did not sign t…
New financial administration tool for communication with tax subjects
During November last year, the financial administration announced its intention to communicate with tax subjects in a new way – through tax echoes. A tax echo is a less formal way of communication where the fin…
Interesting IFRS Interpretations Committee agenda decisions
We bring two interesting final agenda decisions issued by the IFRS Interpretations Committee in 2024. The first concerns the merger between a parent and its subsidiary, and the second concerns the question of w…
Financial statements for 2024: what to keep in mind?
Not much has been happening lately in the accounting field, aside from the upcoming new Accounting Act, but it is already clear that, since it has not yet been presented to the Parliament, it will most likely n…
Popular calls for photovoltaic plants will soon be relaunched
The State Environmental Fund of the Czech Republic plans to announce calls for the acquisition of photovoltaic power plants again this spring. These will primarily be popular programs focused on acquiring PV pl…
Modernization Fund: Schedule of key calls for 2025
The State Environmental Fund of the Czech Republic has published the anticipated schedule of calls for the Modernization Fund for 2025, bringing significant opportunities for entrepreneurs in the areas of renew…